Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $15.37 and traded as high as $15.38. Abrdn Asia-Pacific Income Fund shares last traded at $15.38, with a volume of 140,151 shares changing hands.
Abrdn Asia-Pacific Income Fund Trading Down 0.8%
The firm's fifty day simple moving average is $15.34 and its 200 day simple moving average is $15.31.
Abrdn Asia-Pacific Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 12.74%. The ex-dividend date was Thursday, May 22nd.
Institutional Trading of Abrdn Asia-Pacific Income Fund
Hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC raised its position in Abrdn Asia-Pacific Income Fund by 1.4% in the 1st quarter. Penserra Capital Management LLC now owns 1,056,015 shares of the investment management company's stock worth $16,579,000 after purchasing an additional 14,816 shares during the period. Amundi raised its position in Abrdn Asia-Pacific Income Fund by 12.4% in the 1st quarter. Amundi now owns 1,005,906 shares of the investment management company's stock worth $15,823,000 after purchasing an additional 110,850 shares during the period. Pathstone Holdings LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter worth about $13,626,000. Evergreen Capital Management LLC grew its stake in 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 acquiring an additional 48,415 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Abrdn Asia-Pacific Income Fund by 16.3% in the 4th quarter. Invesco Ltd. now owns 575,869 shares of the investment management company's stock worth $8,477,000 after acquiring an additional 80,530 shares in the last quarter. 33.55% of the stock is currently owned by hedge funds and other institutional investors.
Abrdn Asia-Pacific Income Fund Company Profile
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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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