Evergreen Capital Management LLC lifted its holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 836,916 shares of the investment management company's stock after purchasing an additional 48,415 shares during the period. Evergreen Capital Management LLC owned 0.34% of Abrdn Asia-Pacific Income Fund worth $12,454,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FAX. Apollon Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $170,000. Mezzasalma Advisors LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter worth $361,000. HighTower Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at $619,000. LPL Financial LLC lifted its holdings in shares of 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 acquiring an additional 50,736 shares during the period. Finally, Truffle Hound Capital LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at about $7,360,000. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Trading Up 0.3 %
Shares of FAX stock traded up $0.05 during trading hours on Friday, hitting $15.01. The company had a trading volume of 98,351 shares, compared to its average volume of 149,999. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $13.99 and a 12 month high of $17.55. The firm's fifty day moving average is $15.47 and its 200 day moving average is $15.03.
Abrdn Asia-Pacific Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 13.19%. The ex-dividend date of this dividend is Wednesday, April 23rd.
Abrdn Asia-Pacific Income Fund Company 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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