Penserra Capital Management LLC Sells 653,068 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Penserra Capital Management LLC lessened its position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 40.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 971,062 shares of the investment management company’s stock after selling 653,068 shares during the period. Penserra Capital Management LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $16,896,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FAX. Sanctuary Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the second quarter valued at about $142,000. Shaker Financial Services LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at approximately $516,000. Cetera Advisors LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the 1st quarter worth approximately $516,000. Evergreen Capital Management LLC boosted its stake in Abrdn Asia-Pacific Income Fund by 6.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock worth $12,125,000 after purchasing an additional 293,929 shares in the last quarter. Finally, Matisse Capital purchased a new stake in Abrdn Asia-Pacific Income Fund during the 2nd quarter worth approximately $753,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Up 0.4 %

NYSEAMERICAN FAX opened at $15.77 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 12-month low of $14.88 and a 12-month high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.165 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.98 dividend on an annualized basis and a yield of 12.56%.

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.