Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $13.99 and last traded at $14.56, with a volume of 142640 shares. The stock had previously closed at $15.11.
Abrdn Asia-Pacific Income Fund Trading Down 0.2 %
The stock's 50 day simple moving average is $15.51 and its two-hundred day simple moving average is $15.03.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 13.66%. The ex-dividend date is Wednesday, April 23rd.
Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund
Several large investors have recently modified their holdings of the stock. Pathstone Holdings LLC purchased a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter worth approximately $13,626,000. Evergreen Capital Management LLC increased its holdings in shares of Abrdn Asia-Pacific Income Fund by 6.1% in the 4th quarter. Evergreen Capital Management LLC now owns 836,916 shares of the investment management company's stock worth $12,454,000 after purchasing an additional 48,415 shares in the last quarter. Invesco Ltd. raised its stake in shares of Abrdn Asia-Pacific Income Fund by 16.3% in the fourth quarter. Invesco Ltd. now owns 575,869 shares of the investment management company's stock worth $8,477,000 after purchasing an additional 80,530 shares during the last quarter. Truffle Hound Capital LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at $7,360,000. Finally, Shaker Financial Services LLC boosted its position in shares of Abrdn Asia-Pacific Income Fund by 638.9% during the fourth quarter. Shaker Financial Services LLC now owns 219,257 shares of the investment management company's stock valued at $3,255,000 after buying an additional 189,585 shares during the last quarter. Hedge funds and other institutional investors 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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