abrdn Asia-Pacific Income Fund, Inc. (FAX) To Go Ex-Dividend on April 22nd

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Friday, April 10th. Shareholders of record on Wednesday, April 22nd will be given a dividend of 0.165 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend is Wednesday, April 22nd.

abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN:FAX opened at $15.11 on Monday. The business’s 50-day moving average is $15.29 and its 200 day moving average is $15.38. abrdn Asia-Pacific Income Fund has a 12 month low of $14.18 and a 12 month high of $16.90.

Hedge Funds Weigh In On abrdn Asia-Pacific Income Fund

A number of large investors have recently bought and sold shares of the business. EP Wealth Advisors LLC purchased a new position in shares of abrdn Asia-Pacific Income Fund during the fourth quarter worth approximately $8,659,000. Rareview Capital LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $2,867,000. Franklin Resources Inc. boosted its holdings in shares of abrdn Asia-Pacific Income Fund by 12,864.6% in the fourth quarter. Franklin Resources Inc. now owns 161,928 shares of the investment management company’s stock valued at $2,484,000 after purchasing an additional 160,679 shares during the period. Shaker Financial Services LLC bought a new position in abrdn Asia-Pacific Income Fund in the fourth quarter worth approximately $1,555,000. Finally, Invesco Ltd. grew its stake in abrdn Asia-Pacific Income Fund by 20.5% in the fourth quarter. Invesco Ltd. now owns 493,021 shares of the investment management company’s stock worth $7,563,000 after purchasing an additional 83,892 shares in the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

About abrdn Asia-Pacific Income Fund

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.