248,755 Shares in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Purchased by PFG Investments LLC

PFG Investments LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 248,755 shares of the investment management company’s stock, valued at approximately $697,000. PFG Investments LLC owned approximately 0.10% of Abrdn Asia-Pacific Income Fund at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FAX. Sar Wealth Management Group LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $31,000. MB Generational Wealth LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at approximately $56,000. Ironsides Asset Advisors LLC lifted its stake in shares of Abrdn Asia-Pacific Income Fund by 50.2% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 67,982 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 22,717 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Abrdn Asia-Pacific Income Fund by 19.0% in the 1st quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company’s stock worth $619,000 after purchasing an additional 35,477 shares during the period. Finally, Pekin Hardy Strauss Inc. increased its position in shares of Abrdn Asia-Pacific Income Fund by 41.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 192,971 shares of the investment management company’s stock valued at $523,000 after purchasing an additional 56,365 shares during the last quarter. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of Abrdn Asia-Pacific Income Fund stock traded down $0.05 during trading on Monday, hitting $2.52. The stock had a trading volume of 1,225,060 shares, compared to its average volume of 832,380. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $2.33 and a 12 month high of $2.84.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.0275 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.33 annualized dividend and a dividend yield of 13.10%.

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.