Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Sees Strong Trading Volume

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) shares saw strong trading volume on Monday . 348,845 shares were traded during mid-day trading, a decline of 58% from the previous session’s volume of 836,852 shares.The stock last traded at $2.84 and had previously closed at $2.85.

Abrdn Asia-Pacific Income Fund Stock Down 0.4 %

Abrdn Asia-Pacific Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Advisors LLC purchased a new position in Abrdn Asia-Pacific Income Fund during the 1st quarter valued at about $516,000. CreativeOne Wealth LLC purchased a new position in Abrdn Asia-Pacific Income Fund during the first quarter valued at approximately $38,000. Private Advisor Group LLC grew its position in Abrdn Asia-Pacific Income Fund by 8.7% during the first quarter. Private Advisor Group LLC now owns 271,165 shares of the investment management company’s stock valued at $759,000 after purchasing an additional 21,713 shares in the last quarter. International Assets Investment Management LLC increased its stake in Abrdn Asia-Pacific Income Fund by 19.0% in the 1st quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company’s stock valued at $619,000 after buying an additional 35,477 shares during the period. Finally, Atria Wealth Solutions Inc. increased its stake in Abrdn Asia-Pacific Income Fund by 1.2% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 1,257,206 shares of the investment management company’s stock valued at $3,369,000 after buying an additional 14,741 shares during the period. Hedge funds and other institutional investors 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.