Pekin Hardy Strauss Inc. Sells 199,456 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Pekin Hardy Strauss Inc. lowered its stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 84.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,115 shares of the investment management company’s stock after selling 199,456 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Abrdn Asia-Pacific Income Fund were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FAX. Evergreen Capital Management LLC boosted its holdings in shares of Abrdn Asia-Pacific Income Fund by 6.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock valued at $12,125,000 after buying an additional 293,929 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Abrdn Asia-Pacific Income Fund by 1.2% in the second quarter. Atria Wealth Solutions Inc. now owns 1,257,206 shares of the investment management company’s stock valued at $3,369,000 after acquiring an additional 14,741 shares in the last quarter. Family Firm Inc. boosted its stake in Abrdn Asia-Pacific Income Fund by 2.9% in the second quarter. Family Firm Inc. now owns 738,856 shares of the investment management company’s stock valued at $1,980,000 after acquiring an additional 20,859 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Abrdn Asia-Pacific Income Fund by 9.2% in the second quarter. Park Avenue Securities LLC now owns 520,837 shares of the investment management company’s stock worth $1,396,000 after purchasing an additional 44,010 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Abrdn Asia-Pacific Income Fund by 4.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 423,921 shares of the investment management company’s stock worth $1,136,000 after purchasing an additional 19,005 shares in the last quarter. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Up 0.4 %

Abrdn Asia-Pacific Income Fund stock opened at $15.77 on Monday. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $14.88 and a 1-year high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 12.56%. The ex-dividend date of this dividend is Thursday, November 21st.

Abrdn Asia-Pacific Income Fund 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.