abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Shares Bought by Stratos Wealth Advisors LLC

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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,799 shares of the investment management company's stock after acquiring an additional 72,782 shares during the period. 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 recently bought and sold shares of the stock. Penserra Capital Management LLC increased its stake in shares of abrdn Asia-Pacific Income Fund by 1.4% during the first quarter. Penserra Capital Management LLC now owns 1,056,015 shares of the investment management company's stock worth $16,579,000 after acquiring an additional 14,816 shares during the period. Pathstone Holdings LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $13,626,000. Evergreen Capital Management LLC lifted its holdings in shares of abrdn Asia-Pacific Income Fund by 6.1% in the fourth quarter. Evergreen Capital Management LLC now owns 836,916 shares of the investment management company's stock valued at $12,454,000 after purchasing an additional 48,415 shares in the last quarter. Invesco Ltd. lifted its holdings 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 valued at $8,477,000 after purchasing an additional 80,530 shares in the last quarter. Finally, Truffle Hound Capital LLC purchased a new position in shares of abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $7,360,000. 33.55% of the stock is owned by hedge funds and other institutional investors.

abrdn Asia-Pacific Income Fund Price Performance

Shares of abrdn Asia-Pacific Income Fund stock traded up $0.02 during trading hours on Friday, hitting $16.11. The company's stock had a trading volume of 97,017 shares, compared to its average volume of 150,233. The business has a fifty day moving average of $15.75 and a 200 day moving average of $15.42. abrdn Asia-Pacific Income Fund, Inc. has a 1-year low of $13.99 and a 1-year high of $17.55.

abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th will be given a $0.165 dividend. The ex-dividend date is Thursday, July 24th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.29%.

About abrdn Asia-Pacific Income Fund

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.