925,631 Shares in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC acquired a new position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 925,631 shares of the investment management company’s stock, valued at approximately $13,626,000. Pathstone Holdings LLC owned about 0.37% of Abrdn Asia-Pacific Income Fund at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FAX. PFG Investments LLC increased its position in shares of Abrdn Asia-Pacific Income Fund by 2.1% in the fourth quarter. PFG Investments LLC now owns 54,815 shares of the investment management company’s stock worth $807,000 after purchasing an additional 1,137 shares during the last quarter. Calamos Advisors LLC bought a new position in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $162,000. Stratos Wealth Advisors LLC grew its position in 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 acquiring an additional 11,596 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $37,000. Finally, Mezzasalma Advisors LLC bought a new position in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $361,000. 33.55% of the stock is currently owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of Abrdn Asia-Pacific Income Fund stock opened at $15.55 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $13.99 and a 52-week high of $17.55. The company’s 50 day moving average price is $15.42 and its 200-day moving average price is $15.15.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 12.73%. The ex-dividend date is Thursday, May 22nd.

About Abrdn Asia-Pacific Income Fund

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.