Terril Brothers Inc. Has $4.13 Million Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Terril Brothers Inc. lessened its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 280,570 shares of the investment management company’s stock after selling 916 shares during the period. Abrdn Asia-Pacific Income Fund makes up about 1.3% of Terril Brothers Inc.’s holdings, making the stock its 22nd largest position. Terril Brothers Inc. owned 0.11% of Abrdn Asia-Pacific Income Fund worth $4,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $170,000. Mezzasalma Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $361,000. Golden State Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $37,000. Stratos Wealth Advisors LLC boosted its position in shares of Abrdn Asia-Pacific Income Fund by 13.0% during the fourth quarter. Stratos Wealth Advisors LLC now owns 101,017 shares of the investment management company’s stock valued at $1,487,000 after buying an additional 11,596 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $162,000. Institutional investors and hedge funds own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN:FAX opened at $15.59 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 12-month low of $14.56 and a 12-month high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.98 dividend on an annualized basis and a yield of 12.70%.

Abrdn Asia-Pacific Income Fund Company 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.