Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Get Free Report) announced a monthly dividend on Tuesday, April 9th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.0275 per share by the investment management company on Tuesday, April 30th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.57%. The ex-dividend date is Monday, April 22nd.
Abrdn Asia-Pacific Income Fund Stock Down 1.3 %
NYSEAMERICAN:FAX traded down $0.04 during mid-day trading on Friday, reaching $2.63. 932,292 shares of the company's stock were exchanged, compared to its average volume of 821,069. Abrdn Asia-Pacific Income Fund has a one year low of $2.33 and a one year high of $2.84.
Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund
Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the 2nd quarter valued at $61,000. Two Sigma Securities LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund in the first quarter worth $57,000. BNP Paribas Arbitrage SNC acquired a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at about $55,000. Beacon Pointe Advisors LLC bought a new stake in Abrdn Asia-Pacific Income Fund during the first quarter worth about $54,000. Finally, Cerity Partners LLC grew its stake in Abrdn Asia-Pacific Income Fund by 96.4% during the fourth quarter. Cerity Partners LLC now owns 19,992 shares of the investment management company's stock worth $53,000 after buying an additional 9,813 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company's stock.
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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