Invesco Ltd. raised its stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 575,869 shares of the investment management company's stock after purchasing an additional 80,530 shares during the quarter. Invesco Ltd. owned 0.23% of Abrdn Asia-Pacific Income Fund worth $8,477,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PFG Investments LLC raised its stake in Abrdn Asia-Pacific Income Fund by 2.1% in the 4th quarter. PFG Investments LLC now owns 54,815 shares of the investment management company's stock valued at $807,000 after acquiring an additional 1,137 shares during the period. Golden State Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new stake in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at about $55,000. Easterly Investment Partners LLC raised its stake in Abrdn Asia-Pacific Income Fund by 60.8% in the 4th quarter. Easterly Investment Partners LLC now owns 26,439 shares of the investment management company's stock valued at $389,000 after acquiring an additional 10,000 shares during the period. Finally, Calamos Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $162,000. 33.55% of the stock is owned by hedge funds and other institutional investors.
Abrdn Asia-Pacific Income Fund Trading Up 0.7 %
Shares of FAX traded up $0.11 during midday trading on Tuesday, hitting $15.36. 30,505 shares of the company traded hands, compared to its average volume of 149,342. The stock has a 50-day moving average of $15.45 and a 200-day moving average of $15.12. Abrdn Asia-Pacific Income Fund Inc has a one year low of $13.99 and a one year high of $17.55.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 12.89%. The ex-dividend date is Wednesday, April 23rd.
About Abrdn Asia-Pacific Income Fund
(
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.
Recommended Stories
Before you consider Abrdn Asia-Pacific Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abrdn Asia-Pacific Income Fund wasn't on the list.
While Abrdn Asia-Pacific Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
