Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Stock Crosses 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 Friday . The stock has a 50 day moving average of $0.00 and traded as high as $2.60. Abrdn Asia-Pacific Income Fund shares last traded at $2.57, with a volume of 811,955 shares trading hands.

Abrdn Asia-Pacific Income Fund Price Performance

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.0275 per share. This represents a $0.33 annualized dividend and a dividend yield of 12.84%. The ex-dividend date of this dividend is Monday, April 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FAX. Penserra Capital Management LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $9,956,000. Advisor Partners II LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth approximately $4,417,000. Evergreen Capital Management LLC increased its holdings in shares of Abrdn Asia-Pacific Income Fund by 45.6% during the 4th quarter. Evergreen Capital Management LLC now owns 3,826,314 shares of the investment management company’s stock worth $10,167,000 after acquiring an additional 1,197,922 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $2,553,000. Finally, Quantedge Capital Pte Ltd increased its holdings in shares of Abrdn Asia-Pacific Income Fund by 736.1% during the 1st quarter. Quantedge Capital Pte Ltd now owns 651,072 shares of the investment management company’s stock worth $2,201,000 after acquiring an additional 573,200 shares during the last quarter. 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.