Pathstone Holdings LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 925,631 shares of the investment management company's stock, valued at approximately $13,626,000. Pathstone Holdings LLC owned approximately 0.37% of Abrdn Asia-Pacific Income Fund as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth $37,000. Tower Research Capital LLC TRC lifted its position in Abrdn Asia-Pacific Income Fund by 641.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company's stock worth $58,000 after acquiring an additional 3,387 shares during the last quarter. Calamos Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at about $162,000. Apollon Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $170,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $175,000. Institutional investors and hedge funds own 33.55% of the company's stock.
Abrdn Asia-Pacific Income Fund Price Performance
Shares of NYSEAMERICAN FAX traded up $0.00 during trading hours on Wednesday, hitting $15.63. 79,356 shares of the company's stock were exchanged, compared to its average volume of 146,570. The company's 50-day moving average price is $15.41 and its 200-day moving average price is $15.16. 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 Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be given a $0.165 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.98 annualized dividend and a yield of 12.67%.
Abrdn Asia-Pacific Income Fund 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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