Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Stock Price Passes Above 50 Day Moving Average of $0.00

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $2.70. Abrdn Asia-Pacific Income Fund shares last traded at $2.70, with a volume of 550,474 shares trading hands.

Abrdn Asia-Pacific Income Fund Price Performance

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were given a $0.0275 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.24%.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

Institutional investors have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. boosted its position in shares of Abrdn Asia-Pacific Income Fund by 41.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 192,971 shares of the investment management company’s stock valued at $523,000 after acquiring an additional 56,365 shares in the last quarter. MB Generational Wealth LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $56,000. Sar Wealth Management Group LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at approximately $31,000. International Assets Investment Management LLC raised its holdings in shares of Abrdn Asia-Pacific Income Fund by 19.0% in the 1st quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company’s stock worth $619,000 after buying an additional 35,477 shares in the last quarter. Finally, PFG Investments LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $697,000. Institutional investors and hedge funds 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.