Nwam LLC Sells 163,157 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Nwam LLC decreased its position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 83.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,738 shares of the investment management company’s stock after selling 163,157 shares during the period. Nwam LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Evergreen Capital Management LLC lifted its holdings in Abrdn Asia-Pacific Income Fund by 6.9% in the second 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 during the period. Matisse Capital bought a new position in shares of Abrdn Asia-Pacific Income Fund in the 2nd quarter worth $753,000. Cetera Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the first quarter worth $516,000. PFG Investments LLC increased its holdings in Abrdn Asia-Pacific Income Fund by 43.6% in the second quarter. PFG Investments LLC now owns 357,157 shares of the investment management company’s stock valued at $957,000 after purchasing an additional 108,402 shares during the last quarter. Finally, Creekside Partners acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter worth about $154,000. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Trading Up 0.4 %

FAX stock opened at $15.77 on Friday. 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 company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 12.56%. The ex-dividend date is Thursday, November 21st.

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.