Terril Brothers Inc. Sells 916 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Terril Brothers Inc. cut its position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 280,570 shares of the investment management company’s stock after selling 916 shares during the period. Abrdn Asia-Pacific Income Fund makes up about 1.3% of Terril Brothers Inc.’s holdings, making the stock its 22nd largest holding. Terril Brothers Inc.’s holdings in Abrdn Asia-Pacific Income Fund were worth $4,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in FAX. Golden State Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $37,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter valued at $55,000. Centaurus Financial Inc. purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter valued at $101,000. Calamos Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $162,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $170,000. 33.55% of the stock is currently owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN FAX opened at $15.59 on Friday. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $14.56 and a fifty-two week high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 12.70%. The ex-dividend date was Friday, February 21st.

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.