Stratos Wealth Advisors LLC Boosts Stock Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Stratos Wealth Advisors LLC increased its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,017 shares of the investment management company’s stock after purchasing an additional 11,596 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. EP Wealth Advisors LLC lifted its position in shares of Abrdn Asia-Pacific Income Fund by 792.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company’s stock worth $18,231,000 after purchasing an additional 930,402 shares during the period. Benjamin Edwards Inc. purchased a new stake in Abrdn Asia-Pacific Income Fund in the third quarter worth about $1,398,000. Garner Asset Management Corp boosted its position in Abrdn Asia-Pacific Income Fund by 33.5% during the 3rd quarter. Garner Asset Management Corp now owns 55,884 shares of the investment management company’s stock valued at $972,000 after acquiring an additional 14,009 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter worth approximately $142,000. Finally, PFG Investments LLC raised its position in shares of Abrdn Asia-Pacific Income Fund by 2.1% in the 4th quarter. PFG Investments LLC now owns 54,815 shares of the investment management company’s stock worth $807,000 after acquiring an additional 1,137 shares in the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN FAX opened at $15.67 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 1 year low of $14.56 and a 1 year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, January 24th. This represents a $1.98 annualized dividend and a dividend yield of 12.64%.

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.