Chapin Davis Inc. Increases Holdings in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Chapin Davis Inc. increased its position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 124.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,789 shares of the investment management company’s stock after purchasing an additional 22,067 shares during the quarter. Chapin Davis Inc.’s holdings in Abrdn Asia-Pacific Income Fund were worth $107,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Koshinski Asset Management Inc. purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter valued at about $30,000. Sar Wealth Management Group LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter worth about $31,000. CreativeOne Wealth LLC purchased a new position in Abrdn Asia-Pacific Income Fund during the first quarter valued at approximately $38,000. MB Generational Wealth LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $56,000. Finally, ORG Partners LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the 1st quarter worth approximately $81,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Price Performance

Shares of NYSEAMERICAN FAX opened at $2.82 on Monday. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $2.33 and a 12 month high of $2.86.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be given a $0.0275 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 11.70%.

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.