210,000 Shares in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Bought by RMB Capital Management LLC

RMB Capital Management LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX – Get Rating) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 210,000 shares of the investment management company’s stock, valued at approximately $710,000. RMB Capital Management LLC owned about 0.08% of Abrdn Asia-Pacific Income Fund at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in Abrdn Asia-Pacific Income Fund by 3.3% during the fourth quarter. Invesco Ltd. now owns 4,014,825 shares of the investment management company’s stock worth $15,337,000 after buying an additional 127,404 shares during the last quarter. Oxbow Advisors LLC increased its holdings in shares of Abrdn Asia-Pacific Income Fund by 0.7% in the fourth quarter. Oxbow Advisors LLC now owns 3,302,315 shares of the investment management company’s stock valued at $12,615,000 after purchasing an additional 24,556 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $12,495,000. LPL Financial LLC increased its holdings in shares of Abrdn Asia-Pacific Income Fund by 16.7% in the fourth quarter. LPL Financial LLC now owns 2,901,296 shares of the investment management company’s stock valued at $11,083,000 after purchasing an additional 414,489 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $5,531,000. 20.38% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Trading Down 1.1 %

NYSEAMERICAN:FAX opened at $2.82 on Friday. Abrdn Asia-Pacific Income Fund Inc has a one year low of $2.62 and a one year high of $4.39.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 22nd were given a $0.0275 dividend. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 11.70%.

Abrdn Asia-Pacific Income Fund Profile

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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.