Peter Gerald Malone Buys 600 Shares of abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Stock

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Director Peter Gerald Malone purchased 600 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was acquired at an average cost of $16.78 per share, for a total transaction of $10,068.00. Following the completion of the purchase, the director owned 766 shares of the company’s stock, valued at approximately $12,853.48. This represents a 361.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

abrdn Asia-Pacific Income Fund Trading Down 0.7%

FAX stock opened at $16.18 on Thursday. abrdn Asia-Pacific Income Fund, Inc. has a 12 month low of $13.99 and a 12 month high of $17.49. The firm has a 50-day moving average of $16.37 and a two-hundred day moving average of $15.87.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 12.2%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC raised its holdings in shares of abrdn Asia-Pacific Income Fund by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,088,176 shares of the investment management company’s stock worth $17,323,000 after acquiring an additional 32,161 shares during the period. Amundi increased its position in abrdn Asia-Pacific Income Fund by 12.4% during the first quarter. Amundi now owns 1,005,906 shares of the investment management company’s stock worth $15,823,000 after purchasing an additional 110,850 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of abrdn Asia-Pacific Income Fund by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 882,669 shares of the investment management company’s stock valued at $14,052,000 after buying an additional 45,337 shares during the period. Truffle Hound Capital LLC grew its stake in shares of abrdn Asia-Pacific Income Fund by 20.0% in the 2nd quarter. Truffle Hound Capital LLC now owns 600,000 shares of the investment management company’s stock valued at $9,552,000 after buying an additional 100,000 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of abrdn Asia-Pacific Income Fund by 3.4% in the 2nd quarter. Cetera Investment Advisers now owns 218,674 shares of the investment management company’s stock valued at $3,481,000 after buying an additional 7,173 shares during the period. 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.