Talon Private Wealth LLC Purchases New Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Talon Private Wealth LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,525 shares of the investment management company's stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FAX. Golden State Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new position in Abrdn Asia-Pacific Income Fund in the 3rd quarter worth approximately $55,000. Tower Research Capital LLC TRC boosted its stake in Abrdn Asia-Pacific Income Fund by 641.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company's stock worth $58,000 after purchasing an additional 3,387 shares during the period. Calamos Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $162,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $170,000. Hedge funds and other institutional investors own 33.55% of the company's stock.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN:FAX traded down $0.22 during midday trading on Tuesday, reaching $15.42. 105,422 shares of the company were exchanged, compared to its average volume of 148,805. The business's fifty day moving average is $15.45 and its two-hundred day moving average is $15.13. Abrdn Asia-Pacific Income Fund Inc has a one year low of $13.99 and a one year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd were issued a $0.165 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $1.98 annualized dividend and a dividend yield of 12.84%.

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.