HighTower Advisors LLC acquired a new position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 42,041 shares of the investment management company's stock, valued at approximately $619,000.
Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the third quarter worth $55,000. Calamos Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter worth $162,000. Apollon Wealth Management LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at $170,000. Finally, Mezzasalma Advisors LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at $361,000. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Trading Up 0.3 %
NYSEAMERICAN FAX traded up $0.04 on Wednesday, hitting $15.89. 87,388 shares of the company were exchanged, compared to its average volume of 148,124. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $14.56 and a twelve month high of $17.55. The company's 50 day moving average price is $15.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.98 annualized dividend and a dividend yield of 12.46%.
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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