Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $2.60. Abrdn Asia-Pacific Income Fund shares last traded at $2.60, with a volume of 604,983 shares trading hands.
Abrdn Asia-Pacific Income Fund Price Performance
Abrdn Asia-Pacific Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd were given a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.67%. The ex-dividend date was Monday, April 22nd.
Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund
Hedge funds have recently bought and sold shares of the company. Ironsides Asset Advisors LLC boosted its stake in Abrdn Asia-Pacific Income Fund by 50.2% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 67,982 shares of the investment management company's stock valued at $167,000 after purchasing an additional 22,717 shares during the period. Pekin Hardy Strauss Inc. increased its stake in Abrdn Asia-Pacific Income Fund by 41.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 192,971 shares of the investment management company's stock worth $523,000 after acquiring an additional 56,365 shares during the period. MB Generational Wealth LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at $56,000. Sar Wealth Management Group LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $31,000. Finally, International Assets Investment Management LLC grew its stake in Abrdn Asia-Pacific Income Fund by 19.0% during the first quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company's stock worth $619,000 after buying an additional 35,477 shares in the last quarter. 33.55% of the stock is currently owned by institutional investors and hedge funds.
About Abrdn Asia-Pacific Income Fund
(
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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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