Stratos Wealth Advisors LLC Purchases 72,782 Shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX)

Stratos Wealth Advisors LLC boosted its stake in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Free Report) by 72.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,799 shares of the investment management company's stock after purchasing an additional 72,782 shares during the quarter. Stratos Wealth Advisors LLC owned about 0.07% of abrdn Asia-Pacific Income Fund worth $2,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Penserra Capital Management LLC grew its stake in abrdn Asia-Pacific Income Fund by 1.4% in the first quarter. Penserra Capital Management LLC now owns 1,056,015 shares of the investment management company's stock valued at $16,579,000 after acquiring an additional 14,816 shares during the period. Pathstone Holdings LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the fourth quarter worth about $13,626,000. Evergreen Capital Management LLC boosted its position in shares of abrdn Asia-Pacific Income Fund by 6.1% during the fourth quarter. Evergreen Capital Management LLC now owns 836,916 shares of the investment management company's stock worth $12,454,000 after buying an additional 48,415 shares during the period. Invesco Ltd. boosted its position in shares of abrdn Asia-Pacific Income Fund by 16.3% during the fourth quarter. Invesco Ltd. now owns 575,869 shares of the investment management company's stock worth $8,477,000 after buying an additional 80,530 shares during the period. Finally, Truffle Hound Capital LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the fourth quarter worth about $7,360,000. Institutional investors own 33.55% of the company's stock.

abrdn Asia-Pacific Income Fund Stock Performance

FAX traded up $0.02 on Friday, hitting $16.11. 97,017 shares of the company were exchanged, compared to its average volume of 149,854. abrdn Asia-Pacific Income Fund, Inc. has a 12 month low of $13.99 and a 12 month high of $17.55. The stock's fifty day moving average is $15.74 and its 200-day moving average is $15.43.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 24th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, July 24th. This represents a $1.98 annualized dividend and a yield of 12.29%.

abrdn Asia-Pacific Income Fund 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.