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

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) shares saw unusually-strong trading volume on Tuesday . Approximately 231,441 shares traded hands during 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 Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 11.85%. The ex-dividend date of this dividend is Monday, September 23rd. This is an increase from Abrdn Asia-Pacific Income Fund’s previous monthly dividend of $0.03.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sar Wealth Management Group LLC acquired a new stake in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at approximately $31,000. International Assets Investment Management LLC grew its stake in shares of Abrdn Asia-Pacific Income Fund by 19.0% in the first quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company’s stock worth $619,000 after acquiring an additional 35,477 shares during the last quarter. Simplicity Wealth LLC bought a new position in Abrdn Asia-Pacific Income Fund during the first quarter worth $121,000. Benjamin F. Edwards & Company Inc. raised its stake in Abrdn Asia-Pacific Income Fund by 3.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 404,916 shares of the investment management company’s stock valued at $1,134,000 after purchasing an additional 15,316 shares during the last quarter. Finally, Hartline Investment Corp bought a new stake in Abrdn Asia-Pacific Income Fund in the 1st quarter valued at $115,000. 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.