Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC lowered its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 81.7% during the third quarter, HoldingsChannel.com reports. The fund owned 16,439 shares of the investment management company’s stock after selling 73,361 shares during the quarter. Easterly Investment Partners LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $286,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Koshinski Asset Management Inc. acquired a new position in Abrdn Asia-Pacific Income Fund during the first quarter worth about $30,000. CreativeOne Wealth LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $38,000. AE Wealth Management LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the 2nd quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. grew its holdings in Abrdn Asia-Pacific Income Fund by 34.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock valued at $103,000 after buying an additional 9,885 shares during the last quarter. Finally, Midland Wealth Advisors LLC purchased a new position in Abrdn Asia-Pacific Income Fund during the second quarter worth $106,000. 33.55% of the stock is owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Trading Up 0.4 %

Shares of NYSEAMERICAN:FAX opened at $16.96 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $14.88 and a 52-week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, October 24th. This represents a $1.98 annualized dividend and a dividend yield of 11.67%.

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.