Fiera Capital Corp Sells 137,977 Shares of abrdn Asia-Pacific Income Fund, Inc. $FAX

Fiera Capital Corp lowered its position in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 90.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,582 shares of the investment management company’s stock after selling 137,977 shares during the period. Fiera Capital Corp’s holdings in abrdn Asia-Pacific Income Fund were worth $224,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. raised its position in shares of abrdn Asia-Pacific Income Fund by 5.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 12,866 shares of the investment management company’s stock worth $197,000 after acquiring an additional 683 shares in the last quarter. Creative Planning raised its position in shares of abrdn Asia-Pacific Income Fund by 6.9% in the 2nd quarter. Creative Planning now owns 21,167 shares of the investment management company’s stock worth $337,000 after acquiring an additional 1,364 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of abrdn Asia-Pacific Income Fund by 11.2% in the 4th quarter. Moors & Cabot Inc. now owns 17,015 shares of the investment management company’s stock worth $261,000 after acquiring an additional 1,709 shares in the last quarter. Fisher Asset Management LLC lifted its position in abrdn Asia-Pacific Income Fund by 11.6% during the 4th quarter. Fisher Asset Management LLC now owns 17,431 shares of the investment management company’s stock valued at $267,000 after acquiring an additional 1,815 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its position in abrdn Asia-Pacific Income Fund by 1.8% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 188,644 shares of the investment management company’s stock valued at $3,073,000 after acquiring an additional 3,290 shares during the period. Institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Price Performance

NYSEAMERICAN:FAX opened at $14.16 on Thursday. abrdn Asia-Pacific Income Fund, Inc. has a one year low of $14.13 and a one year high of $16.90. The company’s 50-day simple moving average is $14.74 and its 200 day simple moving average is $15.19.

abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date is Tuesday, June 23rd.

abrdn Asia-Pacific Income Fund Profile

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.