Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Shares Cross Above 50-Day Moving Average – Here’s Why

Posted by Dee Baugher on Feb 6th, 2025

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX – Get Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $15.66. Abrdn Asia-Pacific Income Fund shares last traded at $15.60, with a volume of 100,201 shares changing hands.

Abrdn Asia-Pacific Income Fund Trading Up 0.6 %

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were given a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.98 dividend on an annualized basis and a yield of 12.69%.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Apollon Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $170,000. Mezzasalma Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $361,000. Golden State Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $37,000. Stratos Wealth Advisors LLC lifted its position in shares of Abrdn Asia-Pacific Income Fund by 13.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 101,017 shares of the investment management company’s stock valued at $1,487,000 after acquiring an additional 11,596 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $162,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Company Profile

(Get Free Report)

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.