Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Shares Purchased by Shaker Financial Services LLC

Shaker Financial Services LLC lifted its position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 638.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,257 shares of the investment management company's stock after acquiring an additional 189,585 shares during the quarter. Abrdn Asia-Pacific Income Fund accounts for approximately 1.2% of Shaker Financial Services LLC's investment portfolio, making the stock its 19th biggest holding. Shaker Financial Services LLC owned approximately 0.09% of Abrdn Asia-Pacific Income Fund worth $3,255,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Apollon Wealth Management LLC purchased a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at $170,000. Mezzasalma Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $361,000. HighTower Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter worth $619,000. LPL Financial LLC increased its position 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 purchasing an additional 50,736 shares during the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $416,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Price Performance

FAX traded down $0.16 during mid-day trading on Friday, hitting $15.12. 98,661 shares of the stock were exchanged, compared to its average volume of 148,784. The firm's fifty day moving average is $15.46 and its two-hundred day moving average is $15.12. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $13.99 and a 1-year high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be issued a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 13.10%. The ex-dividend date is Wednesday, April 23rd.

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.