Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $15.66. Abrdn Asia-Pacific Income Fund shares last traded at $15.60, with a volume of 100,201 shares traded.
Abrdn Asia-Pacific Income Fund Stock Down 0.5 %
Abrdn Asia-Pacific Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.70%.
Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund
Hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter worth approximately $619,000. Apollon Wealth Management LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the 4th quarter valued at $170,000. Mezzasalma Advisors LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at $361,000. Golden State Wealth Management LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter worth $37,000. Finally, Stratos Wealth Advisors LLC lifted its position in Abrdn Asia-Pacific Income Fund by 13.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 101,017 shares of the investment management company's stock worth $1,487,000 after buying an additional 11,596 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company's stock.
About Abrdn Asia-Pacific Income Fund
(
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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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