abrdn Asia-Pacific Income Fund, Inc. $FAX Shares Bought by SFI Advisors LLC

Key Points

• SFI Advisors LLC increased its stake in abrdn Asia-Pacific Income Fund by 112.1%, acquiring an additional 16,730 shares to hold a total of 31,655 shares.
• The fund recently announced a monthly dividend of $0.165 per share, yielding approximately 12.1% on an annualized basis.
• Shares of abrdn Asia-Pacific Income Fund have a 52-week range between $13.99 and $17.55, and the stock opened at $16.34 on Monday.

SFI Advisors LLC grew its stake in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Free Report) by 112.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,655 shares of the investment management company's stock after acquiring an additional 16,730 shares during the quarter. SFI Advisors LLC's holdings in abrdn Asia-Pacific Income Fund were worth $497,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of abrdn Asia-Pacific Income Fund by 641.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company's stock valued at $58,000 after acquiring an additional 3,387 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of abrdn Asia-Pacific Income Fund by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 5,000 shares of the investment management company's stock valued at $78,000 after acquiring an additional 2,500 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the first quarter valued at about $160,000. Clear Creek Financial Management LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the first quarter valued at about $197,000. Finally, Apollon Wealth Management LLC increased its holdings in abrdn Asia-Pacific Income Fund by 24.0% in the 1st quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company's stock worth $224,000 after buying an additional 2,768 shares during the period. Institutional investors and hedge funds own 33.55% of the company's stock.

abrdn Asia-Pacific Income Fund Price Performance

NYSEAMERICAN:FAX traded down $0.09 during midday trading on Friday, hitting $16.21. The company's stock had a trading volume of 119,726 shares, compared to its average volume of 143,787. abrdn Asia-Pacific Income Fund, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $17.55. The firm's 50 day moving average is $16.10 and its 200-day moving average is $15.66.

abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 25th will be issued a $0.165 dividend. This represents a yield of 1,212.0%. The ex-dividend date is Friday, August 22nd.

abrdn Asia-Pacific Income Fund Company Profile

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.