Maridea Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 28,251 shares of the investment management company's stock, valued at approximately $416,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Easterly Investment Partners LLC grew its stake in shares of Abrdn Asia-Pacific Income Fund by 60.8% during the fourth quarter. Easterly Investment Partners LLC now owns 26,439 shares of the investment management company's stock valued at $389,000 after acquiring an additional 10,000 shares in the last quarter. LPL Financial LLC increased its holdings in Abrdn Asia-Pacific Income Fund by 42.7% during the 4th quarter. LPL Financial LLC now owns 169,537 shares of the investment management company's stock worth $2,496,000 after purchasing an additional 50,736 shares during the last quarter. Truffle Hound Capital LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at approximately $7,360,000. Virtu Financial LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $592,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter worth approximately $619,000. Hedge funds and other institutional investors own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Price Performance
NYSEAMERICAN FAX traded up $0.04 during trading hours on Wednesday, reaching $15.89. 87,388 shares of the company traded hands, compared to its average volume of 148,840. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $14.56 and a 12 month high of $17.55. The stock has a 50 day simple moving average of $15.53.
Abrdn Asia-Pacific Income Fund Announces Dividend
The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.98 dividend on an annualized basis and a yield of 12.46%.
Abrdn Asia-Pacific Income Fund Profile
(
Free Report)
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.
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