Pekin Hardy Strauss Inc. Sells 45,513 Shares of abrdn Asia-Pacific Income Fund, Inc. $FAX

Pekin Hardy Strauss Inc. lessened its position in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 78.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,154 shares of the investment management company’s stock after selling 45,513 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in abrdn Asia-Pacific Income Fund were worth $198,000 at the end of the most recent quarter.

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

abrdn Asia-Pacific Income Fund Stock Down 1.4%

Shares of FAX stock opened at $16.06 on Friday. The firm’s 50 day moving average price is $15.57 and its two-hundred day moving average price is $15.77. abrdn Asia-Pacific Income Fund, Inc. has a 52-week low of $13.99 and a 52-week high of $16.90.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.165 dividend. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Friday, February 20th.

About abrdn Asia-Pacific Income Fund

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.