Nwam LLC Sells 163,157 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Nwam LLC cut its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 83.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,738 shares of the investment management company’s stock after selling 163,157 shares during the quarter. Nwam LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $570,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FAX. Evergreen Capital Management LLC lifted its holdings in Abrdn Asia-Pacific Income Fund by 6.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock valued at $12,125,000 after purchasing an additional 293,929 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in Abrdn Asia-Pacific Income Fund by 1.2% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 1,257,206 shares of the investment management company’s stock valued at $3,369,000 after acquiring an additional 14,741 shares during the period. Family Firm Inc. lifted its position in Abrdn Asia-Pacific Income Fund by 2.9% during the second quarter. Family Firm Inc. now owns 738,856 shares of the investment management company’s stock worth $1,980,000 after acquiring an additional 20,859 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Abrdn Asia-Pacific Income Fund by 9.2% during the second quarter. Park Avenue Securities LLC now owns 520,837 shares of the investment management company’s stock worth $1,396,000 after acquiring an additional 44,010 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Abrdn Asia-Pacific Income Fund by 4.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 423,921 shares of the investment management company’s stock valued at $1,136,000 after purchasing an additional 19,005 shares during the last quarter. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Trading Up 0.4 %

NYSEAMERICAN:FAX opened at $15.77 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $14.88 and a 1-year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 12.56%. The ex-dividend date of this dividend is Thursday, November 21st.

Abrdn Asia-Pacific Income Fund Profile

Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.