Shrier Wealth Management LLC Takes Position in abrdn Asia-Pacific Income Fund, Inc. $FAX

Shrier Wealth Management LLC acquired a new stake in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 42,838 shares of the investment management company’s stock, valued at approximately $657,000.

Other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of abrdn Asia-Pacific Income Fund by 135.2% in the second quarter. Franklin Resources Inc. now owns 211,903 shares of the investment management company’s stock worth $3,373,000 after buying an additional 121,790 shares during the period. Guggenheim Capital LLC lifted its position in shares of abrdn Asia-Pacific Income Fund by 71.7% in the 2nd quarter. Guggenheim Capital LLC now owns 161,630 shares of the investment management company’s stock valued at $2,573,000 after acquiring an additional 67,478 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of abrdn Asia-Pacific Income Fund by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 882,669 shares of the investment management company’s stock valued at $14,052,000 after acquiring an additional 45,337 shares in the last quarter. Penserra Capital Management LLC boosted its stake in abrdn Asia-Pacific Income Fund by 3.8% in the 3rd quarter. Penserra Capital Management LLC now owns 1,129,578 shares of the investment management company’s stock worth $18,400,000 after purchasing an additional 41,402 shares during the period. Finally, US Bancorp DE boosted its stake in abrdn Asia-Pacific Income Fund by 111.0% in the 3rd quarter. US Bancorp DE now owns 63,814 shares of the investment management company’s stock worth $1,040,000 after purchasing an additional 33,573 shares during the period. Institutional investors and hedge funds own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Trading Up 1.3%

NYSEAMERICAN FAX opened at $14.42 on Wednesday. The firm’s 50 day moving average price is $15.52 and its two-hundred day moving average price is $15.54. abrdn Asia-Pacific Income Fund, Inc. has a twelve month low of $13.99 and a twelve month high of $16.90.

abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%.

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.