abrdn Asia-Pacific Income Fund, Inc. $FAX Shares Sold by Fiera Capital Corp

Fiera Capital Corp trimmed its holdings in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,253 shares of the investment management company’s stock after selling 3,731 shares during the quarter. Fiera Capital Corp owned approximately 0.07% of abrdn Asia-Pacific Income Fund worth $2,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Leigh Baldwin & CO. LLC purchased a new stake in abrdn Asia-Pacific Income Fund in the 1st quarter worth $160,000. 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 shares of abrdn Asia-Pacific Income Fund during the first quarter worth $170,000. Apollon Wealth Management LLC raised its position in shares of abrdn Asia-Pacific Income Fund by 24.0% in the first quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company’s stock valued at $224,000 after buying an additional 2,768 shares during the last quarter. Finally, Martin Capital Partners LLC purchased a new position in shares of abrdn Asia-Pacific Income Fund in the second quarter worth about $236,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Stock Performance

FAX opened at $15.44 on Friday. abrdn Asia-Pacific Income Fund, Inc. has a twelve month low of $13.99 and a twelve month high of $16.90. The firm’s 50-day moving average price is $15.88 and its 200 day moving average price is $15.92.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Friday, November 21st.

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.