abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX – Get Free Report) announced a monthly dividend on Friday, July 10th. Stockholders of record on Thursday, July 23rd will be given a dividend of 0.165 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Thursday, July 23rd.
abrdn Asia-Pacific Income Fund Stock Up 1.2%
FAX opened at $14.51 on Tuesday. The firm’s 50-day simple moving average is $14.55 and its 200-day simple moving average is $15.03. abrdn Asia-Pacific Income Fund has a twelve month low of $14.13 and a twelve month high of $16.90.
Institutional Trading of abrdn Asia-Pacific Income Fund
Large investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new stake in abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $8,659,000. Rareview Capital LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the fourth quarter worth approximately $2,867,000. Franklin Resources Inc. grew its stake in shares of abrdn Asia-Pacific Income Fund by 12,864.6% during 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 last quarter. Shaker Financial Services LLC bought a new stake in shares of abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $1,555,000. Finally, Invesco Ltd. increased its holdings in shares of 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 valued at $7,563,000 after purchasing an additional 83,892 shares in the last quarter. 33.55% of the stock is owned by institutional investors.
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.
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