PFG Investments LLC Purchases Shares of 248,755 Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

PFG Investments LLC acquired a new position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 248,755 shares of the investment management company’s stock, valued at approximately $697,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FAX. Ironsides Asset Advisors LLC grew its position in shares of Abrdn Asia-Pacific Income Fund by 50.2% during the 3rd quarter. Ironsides Asset Advisors LLC now owns 67,982 shares of the investment management company’s stock valued at $167,000 after acquiring an additional 22,717 shares during the period. Advisor Partners II LLC purchased a new position in Abrdn Asia-Pacific Income Fund during the third quarter worth approximately $4,417,000. International Assets Investment Management LLC boosted its position in Abrdn Asia-Pacific Income Fund by 19.0% during the first 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 in the last quarter. Sar Wealth Management Group LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at $31,000. Finally, MB Generational Wealth LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Trading Down 1.9 %

NYSEAMERICAN:FAX traded down $0.05 during trading hours on Monday, hitting $2.52. 1,225,060 shares of the stock were exchanged, compared to its average volume of 832,380. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $2.33 and a 52-week high of $2.84.

Abrdn Asia-Pacific Income Fund Dividend Announcement

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

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.