Truffle Hound Capital LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 500,000 shares of the investment management company's stock, valued at approximately $7,360,000. Abrdn Asia-Pacific Income Fund makes up about 2.6% of Truffle Hound Capital LLC's investment portfolio, making the stock its 6th largest holding. Truffle Hound Capital LLC owned approximately 0.20% of Abrdn Asia-Pacific Income Fund as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $170,000. Mezzasalma Advisors LLC purchased a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $361,000. Benjamin Edwards Inc. acquired a new position in Abrdn Asia-Pacific Income Fund during the 3rd quarter worth $1,398,000. Centaurus Financial Inc. acquired a new stake in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at about $101,000. Finally, Calamos Advisors LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter worth about $162,000. 33.55% of the stock is currently owned by hedge funds and other institutional investors.
Abrdn Asia-Pacific Income Fund Price Performance
NYSEAMERICAN FAX traded down $0.16 during trading on Wednesday, reaching $15.70. 147,126 shares of the company's stock were exchanged, compared to its average volume of 148,028. The stock has a 50 day simple moving average of $15.42. Abrdn Asia-Pacific Income Fund Inc has a 1 year low of $14.56 and a 1 year high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 25th will be issued a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 12.61%. The ex-dividend date of this dividend is Tuesday, March 25th.
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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