Thrivent Financial for Lutherans Lowers Stock Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Thrivent Financial for Lutherans cut its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 83.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 106,922 shares of the investment management company’s stock after selling 531,626 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Abrdn Asia-Pacific Income Fund were worth $1,861,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Shaker Financial Services LLC purchased a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at about $516,000. Sanctuary Advisors LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 2nd quarter valued at approximately $142,000. Creekside Partners purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 2nd quarter valued at approximately $154,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Abrdn Asia-Pacific Income Fund by 34.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock worth $103,000 after buying an additional 9,885 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of Abrdn Asia-Pacific Income Fund by 6.9% in the second quarter. Evergreen Capital Management LLC now owns 4,524,105 shares of the investment management company’s stock worth $12,125,000 after buying an additional 293,929 shares during the last quarter. 33.55% of the stock is owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Stock Performance

FAX opened at $15.76 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 business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.165 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.56%.

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.