abrdn Asia-Pacific Income Fund, Inc. $FAX Shares Sold by PFG Investments LLC

PFG Investments LLC trimmed its position in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 44.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,545 shares of the investment management company’s stock after selling 32,806 shares during the quarter. PFG Investments LLC’s holdings in abrdn Asia-Pacific Income Fund were worth $677,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FAX. IFG Advisory LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund during the second quarter worth $166,000. Jane Street Group LLC purchased a new stake in abrdn Asia-Pacific Income Fund during the 1st quarter valued at about $170,000. Fisher Asset Management LLC acquired a new stake in abrdn Asia-Pacific Income Fund in the 2nd quarter valued at about $187,000. CoreCap Advisors LLC raised its holdings in abrdn Asia-Pacific Income Fund by 25.3% in the 3rd quarter. CoreCap Advisors LLC now owns 15,040 shares of the investment management company’s stock valued at $245,000 after acquiring an additional 3,040 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its stake in abrdn Asia-Pacific Income Fund by 18.7% in the 2nd quarter. Moors & Cabot Inc. now owns 15,306 shares of the investment management company’s stock worth $244,000 after purchasing an additional 2,416 shares in the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Stock Performance

FAX stock opened at $15.50 on Tuesday. abrdn Asia-Pacific Income Fund, Inc. has a 1 year low of $13.99 and a 1 year high of $16.90. The business has a 50 day simple moving average of $15.33 and a 200-day simple moving average of $15.78.

abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be issued a $0.165 dividend. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date is Friday, January 23rd.

abrdn Asia-Pacific Income Fund Company Profile

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.