Stratos Wealth Advisors LLC Has $2.95 Million Position in abrdn Asia-Pacific Income Fund, Inc. $FAX

Stratos Wealth Advisors LLC increased its stake in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,354 shares of the investment management company’s stock after buying an additional 11,555 shares during the quarter. Stratos Wealth Advisors LLC owned about 0.07% of abrdn Asia-Pacific Income Fund worth $2,951,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Private Advisor Group LLC grew its position in abrdn Asia-Pacific Income Fund by 2.7% during the first quarter. Private Advisor Group LLC now owns 32,782 shares of the investment management company’s stock worth $515,000 after buying an additional 864 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in abrdn Asia-Pacific Income Fund by 2.5% during the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 46,264 shares of the investment management company’s stock worth $726,000 after buying an additional 1,116 shares in the last quarter. Cetera Investment Advisers grew its position in abrdn Asia-Pacific Income Fund by 1.1% during the first quarter. Cetera Investment Advisers now owns 211,501 shares of the investment management company’s stock worth $3,321,000 after buying an additional 2,255 shares in the last quarter. Golden State Wealth Management LLC grew its position in abrdn Asia-Pacific Income Fund by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 5,000 shares of the investment management company’s stock worth $78,000 after buying an additional 2,500 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its position in abrdn Asia-Pacific Income Fund by 24.0% during the first quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company’s stock worth $224,000 after buying an additional 2,768 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN:FAX opened at $15.25 on Friday. abrdn Asia-Pacific Income Fund, Inc. has a 1 year low of $13.99 and a 1 year high of $17.02. The business’s 50 day simple moving average is $16.26 and its 200 day simple moving average is $15.86.

abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 24th will be issued a $0.165 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date of this dividend is Friday, October 24th.

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.