EP Wealth Advisors LLC Sells 213,378 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

EP Wealth Advisors LLC trimmed its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 20.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 834,382 shares of the investment management company’s stock after selling 213,378 shares during the period. EP Wealth Advisors LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $12,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new position in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter worth $55,000. Tower Research Capital LLC TRC boosted its position in Abrdn Asia-Pacific Income Fund by 641.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company’s stock valued at $58,000 after purchasing an additional 3,387 shares in the last quarter. Calamos Advisors LLC purchased a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $162,000. Finally, Apollon Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter worth about $170,000. 33.55% of the stock is owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN:FAX opened at $15.40 on Thursday. The company’s 50-day simple moving average is $15.44 and its 200-day simple moving average is $15.14. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $13.99 and a fifty-two week high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $1.98 annualized dividend and a yield of 12.86%.

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.