abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Declares $0.17 Monthly Dividend

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Tuesday, November 11th. Stockholders of record on Friday, November 21st will be paid a dividend of 0.165 per share by the investment management company on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Friday, November 21st.

abrdn Asia-Pacific Income Fund Price Performance

NYSEAMERICAN FAX traded up $0.05 during trading hours on Wednesday, reaching $15.44. The stock had a trading volume of 132,857 shares, compared to its average volume of 157,690. abrdn Asia-Pacific Income Fund has a 52-week low of $13.99 and a 52-week high of $16.90. The stock has a fifty day moving average of $15.94 and a 200 day moving average of $15.92.

Hedge Funds Weigh In On abrdn Asia-Pacific Income Fund

A number of hedge funds have recently bought and sold shares of FAX. Leigh Baldwin & CO. LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the first quarter valued at approximately $160,000. IFG Advisory LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund during the second quarter worth $166,000. Jane Street Group LLC acquired a new stake in shares of abrdn Asia-Pacific Income Fund in the first quarter valued at about $170,000. Fisher Asset Management LLC purchased a new position in shares of abrdn Asia-Pacific Income Fund in the second quarter worth about $187,000. Finally, Apollon Wealth Management LLC boosted its position in abrdn Asia-Pacific Income Fund by 24.0% during the first quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company’s stock worth $224,000 after acquiring an additional 2,768 shares during the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Company 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.