Gridiron Partners LLC Has $441,000 Stock Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Gridiron Partners LLC reduced its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 38.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,986 shares of the investment management company’s stock after selling 18,340 shares during the period. Gridiron Partners LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $441,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter worth $55,000. Centaurus Financial Inc. purchased a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at about $101,000. AE Wealth Management LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the 2nd quarter worth about $54,000. Shaker Financial Services LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth about $516,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Abrdn Asia-Pacific Income Fund by 34.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock valued at $103,000 after buying an additional 9,885 shares during the last quarter. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Price Performance

Abrdn Asia-Pacific Income Fund stock opened at $15.25 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $14.56 and a 1-year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.98%.

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.