Winch Advisory Services LLC Cuts Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Winch Advisory Services LLC trimmed its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 82.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,433 shares of the investment management company’s stock after selling 11,750 shares during the quarter. Winch Advisory Services LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $42,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FAX. Evergreen Capital Management LLC raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 6.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock valued at $12,125,000 after buying an additional 293,929 shares during the period. Atria Wealth Solutions Inc. raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 1.2% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 1,257,206 shares of the investment management company’s stock valued at $3,369,000 after buying an additional 14,741 shares during the period. Family Firm Inc. raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 2.9% during the 2nd quarter. Family Firm Inc. now owns 738,856 shares of the investment management company’s stock valued at $1,980,000 after buying an additional 20,859 shares during the period. Park Avenue Securities LLC grew its stake in Abrdn Asia-Pacific Income Fund by 9.2% during the 2nd quarter. Park Avenue Securities LLC now owns 520,837 shares of the investment management company’s stock valued at $1,396,000 after purchasing an additional 44,010 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Abrdn Asia-Pacific Income Fund by 4.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 423,921 shares of the investment management company’s stock valued at $1,136,000 after purchasing an additional 19,005 shares in the last quarter. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN FAX opened at $16.98 on Tuesday. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $13.98 and a fifty-two week high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.165 per share. The ex-dividend date is Thursday, October 24th. This represents a $1.98 dividend on an annualized basis and a yield of 11.66%.

Abrdn Asia-Pacific Income Fund Company 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.