abrdn Asia-Pacific Income Fund, Inc. Announces Dividend of $0.17 (NYSEAMERICAN:FAX)

Key Points

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abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Get Free Report) announced a dividend on Tuesday, August 19th, investing.com reports. Stockholders of record on Monday, August 25th will be given a dividend of 0.165 per share by the investment management company on Friday, August 29th. This represents a dividend yield of 1,212.0%. The ex-dividend date is Friday, August 22nd.

abrdn Asia-Pacific Income Fund Stock Down 0.6%

Shares of NYSEAMERICAN FAX traded down $0.09 during midday trading on Friday, reaching $16.21. The company's stock had a trading volume of 119,726 shares, compared to its average volume of 143,787. abrdn Asia-Pacific Income Fund has a fifty-two week low of $13.99 and a fifty-two week high of $17.55. The business's 50 day moving average price is $16.10 and its two-hundred day moving average price is $15.66.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in abrdn Asia-Pacific Income Fund by 2.7% in the first quarter. Private Advisor Group LLC now owns 32,782 shares of the investment management company's stock valued at $515,000 after acquiring an additional 864 shares during the last quarter. Cetera Investment Advisers increased its stake in abrdn Asia-Pacific Income Fund by 1.1% in the first quarter. Cetera Investment Advisers now owns 211,501 shares of the investment management company's stock valued at $3,321,000 after acquiring an additional 2,255 shares during the last quarter. SFI Advisors LLC increased its stake in abrdn Asia-Pacific Income Fund by 112.1% in the first quarter. SFI Advisors LLC now owns 31,655 shares of the investment management company's stock valued at $497,000 after acquiring an additional 16,730 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in abrdn Asia-Pacific Income Fund by 641.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company's stock valued at $58,000 after acquiring an additional 3,387 shares during the last quarter. Finally, Talon Private Wealth LLC bought a new position in abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $258,000. 33.55% of the stock is owned by institutional investors.

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.