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

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) shares passed above its 50 day moving average during trading on Wednesday . 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 $2.60, with a volume of 604,983 shares trading hands.

Abrdn Asia-Pacific Income Fund Stock Performance

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd were issued a dividend of $0.0275 per share. This represents a $0.33 annualized dividend and a yield of 12.69%. The ex-dividend date was Monday, April 22nd.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

Large investors have recently modified their holdings of the business. Ironsides Asset Advisors LLC boosted its holdings in Abrdn Asia-Pacific Income Fund by 50.2% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 67,982 shares of the investment management company’s stock worth $167,000 after buying an additional 22,717 shares during the period. PFG Investments LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter valued at $697,000. Pekin Hardy Strauss Inc. lifted its holdings in 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 worth $523,000 after purchasing an additional 56,365 shares in the last quarter. Private Advisor Group LLC grew its holdings in Abrdn Asia-Pacific Income Fund by 8.7% during the 1st quarter. Private Advisor Group LLC now owns 271,165 shares of the investment management company’s stock valued at $759,000 after buying an additional 21,713 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the first quarter valued at about $81,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

About Abrdn Asia-Pacific Income Fund

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.