abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Get Free Report) announced a monthly dividend on Friday, July 11th, Wall Street Journal reports. Investors of record on Thursday, July 24th will be paid a dividend of 0.165 per share by the investment management company on Thursday, July 31st. This represents a $1.98 annualized dividend and a yield of 12.29%. The ex-dividend date of this dividend is Thursday, July 24th.
abrdn Asia-Pacific Income Fund Price Performance
FAX traded up $0.02 during trading hours on Friday, hitting $16.11. 97,017 shares of the company's stock were exchanged, compared to its average volume of 150,233. abrdn Asia-Pacific Income Fund has a 12-month low of $13.99 and a 12-month high of $17.55. The firm has a 50 day moving average of $15.75 and a 200 day moving average of $15.42.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in abrdn Asia-Pacific Income Fund stock. Jane Street Group LLC bought a new stake in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,811 shares of the investment management company's stock, valued at approximately $170,000. Institutional investors and hedge funds own 33.55% of the company's stock.
About abrdn Asia-Pacific Income Fund
(
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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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