Mezzasalma Advisors LLC Invests $361,000 in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Mezzasalma Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,556 shares of the investment management company's stock, valued at approximately $361,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FAX. EP Wealth Advisors LLC increased its position in shares of Abrdn Asia-Pacific Income Fund by 792.8% in the third quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company's stock worth $18,231,000 after acquiring an additional 930,402 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the third quarter worth $1,398,000. Sanctuary Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the second quarter worth $142,000. Shaker Financial Services LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the third quarter worth $516,000. Finally, Garner Asset Management Corp increased its position in shares of Abrdn Asia-Pacific Income Fund by 33.5% in the third quarter. Garner Asset Management Corp now owns 55,884 shares of the investment management company's stock worth $972,000 after acquiring an additional 14,009 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company's stock.

Abrdn Asia-Pacific Income Fund Stock Up 0.1 %

FAX traded up $0.01 during trading hours on Wednesday, reaching $15.51. 109,747 shares of the stock traded hands, compared to its average volume of 145,137. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $14.56 and a fifty-two week high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, February 21st. This represents a $1.98 dividend on an annualized basis and a yield of 12.77%.

Abrdn Asia-Pacific Income Fund Company Profile

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.