abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.56 and traded as high as $14.56. abrdn Asia-Pacific Income Fund shares last traded at $14.47, with a volume of 99,488 shares changing hands.
abrdn Asia-Pacific Income Fund Stock Down 0.3%
The stock has a fifty day moving average of $14.56 and a 200-day moving average of $14.80.
abrdn Asia-Pacific Income Fund Announces Dividend
The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a $0.165 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend was Monday, August 24th.
Institutional Investors Weigh In On abrdn Asia-Pacific Income Fund
A number of institutional investors and hedge funds have recently bought and sold shares of FAX. Cullen Frost Bankers Inc. increased its position in shares of abrdn Asia-Pacific Income Fund by 5.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 12,866 shares of the investment management company's stock worth $197,000 after purchasing an additional 683 shares in the last quarter. Corient Private Wealth LP grew its stake in abrdn Asia-Pacific Income Fund by 1.0% during the 2nd quarter. Corient Private Wealth LP now owns 99,190 shares of the investment management company's stock worth $1,449,000 after buying an additional 950 shares during the last quarter. Kestra Advisory Services LLC grew its stake in abrdn Asia-Pacific Income Fund by 7.7% during the 4th quarter. Kestra Advisory Services LLC now owns 16,801 shares of the investment management company's stock worth $258,000 after buying an additional 1,204 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in abrdn Asia-Pacific Income Fund by 3.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 41,385 shares of the investment management company's stock worth $635,000 after buying an additional 1,228 shares during the period. Finally, Creative Planning lifted its stake in abrdn Asia-Pacific Income Fund by 6.9% in the second quarter. Creative Planning now owns 21,167 shares of the investment management company's stock valued at $337,000 after buying an additional 1,364 shares during the last quarter. 33.55% of the stock is owned by hedge funds and other institutional investors.
abrdn Asia-Pacific Income Fund Company Profile
(
Get Free Report)
The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.
Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.
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