WealthTrust Axiom LLC Lowers Stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

WealthTrust Axiom LLC lessened its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,138 shares of the investment management company’s stock after selling 5,975 shares during the quarter. WealthTrust Axiom LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $57,000 at the end of the most recent quarter.

Separately, Ironsides Asset Advisors LLC boosted its stake in Abrdn Asia-Pacific Income Fund by 50.2% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 67,982 shares of the investment management company’s stock worth $167,000 after purchasing an additional 22,717 shares in the last quarter. 33.55% of the stock is currently owned by institutional investors.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN FAX opened at $2.50 on Wednesday. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $2.33 and a twelve month high of $2.84.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd were paid a $0.0275 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 13.23%.

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.