Virtu Financial LLC Invests $592,000 in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Virtu Financial LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 40,241 shares of the investment management company's stock, valued at approximately $592,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EP Wealth Advisors LLC grew its stake 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 purchasing an additional 930,402 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of Abrdn Asia-Pacific Income Fund during the third quarter worth about $1,398,000. HighTower Advisors LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth approximately $619,000. Mezzasalma Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $361,000. Finally, Stratos Wealth Advisors LLC increased its position in Abrdn Asia-Pacific Income Fund by 13.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 101,017 shares of the investment management company's stock valued at $1,487,000 after purchasing an additional 11,596 shares during the period. Institutional investors and hedge funds own 33.55% of the company's stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN:FAX traded up $0.03 during trading on Friday, reaching $15.67. The stock had a trading volume of 135,425 shares, compared to its average volume of 148,542. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $14.56 and a 52 week high of $17.55. The business's fifty day moving average is $15.48.

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Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $1.98 dividend on an annualized basis and a yield of 12.64%.

About Abrdn Asia-Pacific Income Fund

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.