Invesco Ltd. boosted its holdings in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 16.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 575,869 shares of the investment management company's stock after acquiring an additional 80,530 shares during the quarter. Invesco Ltd. owned 0.23% of Abrdn Asia-Pacific Income Fund worth $8,477,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth about $37,000. Wilmington Savings Fund Society FSB acquired a new position in Abrdn Asia-Pacific Income Fund during the third quarter valued at approximately $55,000. Calamos Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at about $162,000. Apollon Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $170,000. Finally, Mezzasalma Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter worth approximately $361,000. 33.55% of the stock is currently owned by hedge funds and other institutional investors.
Abrdn Asia-Pacific Income Fund Stock Performance
Shares of NYSEAMERICAN FAX traded down $0.16 during trading hours on Friday, reaching $15.12. The stock had a trading volume of 98,661 shares, compared to its average volume of 150,065. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $13.99 and a twelve month high of $17.55. The business's fifty day moving average is $15.45 and its two-hundred day moving average is $15.12.
Abrdn Asia-Pacific Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 13.10%. The ex-dividend date of this dividend is Wednesday, April 23rd.
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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