925,631 Shares in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC purchased a new position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 925,631 shares of the investment management company’s stock, valued at approximately $13,626,000.

A number of other hedge funds also recently bought and sold shares of FAX. Truffle Hound Capital LLC bought a new position in Abrdn Asia-Pacific Income Fund during the 4th quarter valued at about $7,360,000. Shaker Financial Services LLC lifted its stake in Abrdn Asia-Pacific Income Fund by 638.9% during the 4th quarter. Shaker Financial Services LLC now owns 219,257 shares of the investment management company’s stock valued at $3,255,000 after acquiring an additional 189,585 shares during the period. Invesco Ltd. lifted its stake in Abrdn Asia-Pacific Income Fund by 16.3% during the 4th quarter. Invesco Ltd. now owns 575,869 shares of the investment management company’s stock valued at $8,477,000 after acquiring an additional 80,530 shares during the period. LPL Financial LLC lifted its stake in Abrdn Asia-Pacific Income Fund by 42.7% during the 4th quarter. LPL Financial LLC now owns 169,537 shares of the investment management company’s stock valued at $2,496,000 after acquiring an additional 50,736 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in Abrdn Asia-Pacific Income Fund by 6.1% during the 4th quarter. Evergreen Capital Management LLC now owns 836,916 shares of the investment management company’s stock valued at $12,454,000 after acquiring an additional 48,415 shares during the period. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

FAX opened at $15.55 on Friday. The company’s 50-day simple moving average is $15.42 and its two-hundred day simple moving average is $15.15. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $13.99 and a 52-week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 12.73%. The ex-dividend date of this dividend is Thursday, May 22nd.

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.