Rareview Capital LLC Has $2.15 Million Stock Position in abrdn Asia-Pacific Income Fund, Inc. $FAX

Rareview Capital LLC lowered its stake in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 4.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 135,213 shares of the investment management company’s stock after selling 6,500 shares during the quarter. abrdn Asia-Pacific Income Fund accounts for approximately 1.4% of Rareview Capital LLC’s portfolio, making the stock its 22nd biggest position. Rareview Capital LLC’s holdings in abrdn Asia-Pacific Income Fund were worth $2,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FAX. Leigh Baldwin & CO. LLC bought a new stake in abrdn Asia-Pacific Income Fund during the first quarter worth $160,000. IFG Advisory LLC bought a new stake in abrdn Asia-Pacific Income Fund in the 2nd quarter worth about $166,000. Jane Street Group LLC bought a new stake in abrdn Asia-Pacific Income Fund in the 1st quarter worth about $170,000. Apollon Wealth Management LLC grew its position in abrdn Asia-Pacific Income Fund by 24.0% in the 1st quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company’s stock worth $224,000 after purchasing an additional 2,768 shares in the last quarter. Finally, Martin Capital Partners LLC bought a new stake in abrdn Asia-Pacific Income Fund in the 2nd quarter worth about $236,000. 33.55% of the stock is owned by institutional investors.

abrdn Asia-Pacific Income Fund Price Performance

Shares of FAX stock opened at $15.49 on Tuesday. abrdn Asia-Pacific Income Fund, Inc. has a 52-week low of $13.99 and a 52-week high of $16.98. The company has a 50-day simple moving average of $16.07 and a two-hundred day simple moving average of $15.92.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 24th were given a dividend of $0.165 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Friday, October 24th.

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.