abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.86 and traded as low as $15.10. abrdn Asia-Pacific Income Fund shares last traded at $15.25, with a volume of 272,423 shares traded.
abrdn Asia-Pacific Income Fund Stock Performance
The company has a 50 day moving average price of $16.26 and a 200 day moving average price of $15.86.
abrdn Asia-Pacific Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 24th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 13.0%.
Institutional Investors Weigh In On abrdn Asia-Pacific Income Fund
A number of large investors have recently bought and sold shares of FAX. PFG Investments LLC grew its holdings in abrdn Asia-Pacific Income Fund by 19.6% during the 1st quarter. PFG Investments LLC now owns 65,562 shares of the investment management company's stock valued at $1,029,000 after buying an additional 10,747 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in abrdn Asia-Pacific Income Fund by 34.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 17,181 shares of the investment management company's stock valued at $270,000 after buying an additional 4,432 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in abrdn Asia-Pacific Income Fund by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 5,000 shares of the investment management company's stock valued at $78,000 after buying an additional 2,500 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in abrdn Asia-Pacific Income Fund during the 1st quarter valued at $197,000. Finally, Penserra Capital Management LLC grew its holdings in abrdn Asia-Pacific Income Fund by 1.4% during the 1st quarter. Penserra Capital Management LLC now owns 1,056,015 shares of the investment management company's stock valued at $16,579,000 after buying an additional 14,816 shares during the last quarter. Institutional investors and hedge funds own 33.55% of the company's stock.
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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