Mezzasalma Advisors LLC Makes New Investment in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Mezzasalma Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 24,556 shares of the investment management company’s stock, valued at approximately $361,000.

Several other large investors have also recently made changes to their positions in FAX. EP Wealth Advisors LLC boosted its stake in Abrdn Asia-Pacific Income Fund by 792.8% in the third quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company’s stock valued at $18,231,000 after acquiring an additional 930,402 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 3rd quarter worth $1,398,000. Sanctuary Advisors LLC purchased a new position in Abrdn Asia-Pacific Income Fund during the 2nd quarter worth $142,000. Shaker Financial Services LLC acquired a new position in Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at about $516,000. Finally, Garner Asset Management Corp raised its stake in Abrdn Asia-Pacific Income Fund by 33.5% in the third quarter. Garner Asset Management Corp now owns 55,884 shares of the investment management company’s stock valued at $972,000 after buying an additional 14,009 shares during the last quarter. 33.55% of the stock is owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN FAX opened at $15.59 on Friday. Abrdn Asia-Pacific Income Fund Inc has a fifty-two week low of $14.56 and a fifty-two week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, January 24th. This represents a $1.98 dividend on an annualized basis and a yield of 12.70%.

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.