Oppenheimer & Co. Inc. Sells 97,584 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Oppenheimer & Co. Inc. decreased its position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 85.6% during the third quarter, Holdings Channel reports. The fund owned 16,416 shares of the investment management company’s stock after selling 97,584 shares during the period. Oppenheimer & Co. Inc.’s holdings in Abrdn Asia-Pacific Income Fund were worth $286,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Shaker Financial Services LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter worth about $516,000. Sanctuary Advisors LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the second quarter valued at approximately $142,000. Creekside Partners purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the second quarter valued at approximately $154,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Abrdn Asia-Pacific Income Fund by 34.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock worth $103,000 after purchasing an additional 9,885 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its stake 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 worth $12,125,000 after buying an additional 293,929 shares during the last quarter. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Up 0.4 %

FAX stock opened at $15.77 on Friday. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $14.88 and a twelve month high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

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

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.