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

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) shares saw strong trading volume on Tuesday . 231,441 shares changed hands during mid-day trading, an increase of 66% from the previous session’s volume of 139,095 shares.The stock last traded at $16.69 and had previously closed at $16.81.

Abrdn Asia-Pacific Income Fund Stock Performance

Abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were issued a $0.0275 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.97%.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisors LLC acquired a new position in Abrdn Asia-Pacific Income Fund during the 1st quarter valued at about $516,000. Matisse Capital bought a new stake in Abrdn Asia-Pacific Income Fund during the second quarter worth $753,000. CreativeOne Wealth LLC bought a new stake in Abrdn Asia-Pacific Income Fund during the first quarter worth $38,000. Private Advisor Group LLC raised its position in Abrdn Asia-Pacific Income Fund by 8.7% in 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 during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Abrdn Asia-Pacific Income Fund by 19.0% during 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 acquiring an additional 35,477 shares in the last quarter. 33.55% of the stock is owned by institutional investors and hedge funds.

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.