abrdn Asia-Pacific Income Fund, Inc. (FAX) to Issue Monthly Dividend of $0.15 on October 30th

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) announced a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be given a dividend of $0.15 per share by the investment management company on Friday, October 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, October 23rd.

abrdn Asia-Pacific Income Fund Price Performance

abrdn Asia-Pacific Income Fund stock traded down $0.03 during trading on Wednesday, hitting $12.90. The stock had a trading volume of 30,128 shares, compared to its average volume of 185,389. abrdn Asia-Pacific Income Fund has a 1 year low of $12.56 and a 1 year high of $16.37. The stock’s 50 day moving average is $13.85 and its two-hundred day moving average is $14.36.

Institutional Trading of abrdn Asia-Pacific Income Fund

Hedge funds have recently made changes to their positions in the company. Shaker Financial Services LLC bought a new stake in abrdn Asia-Pacific Income Fund in the 3rd quarter valued at about $2,028,000. Baird Financial Group Inc. boosted its position in abrdn Asia-Pacific Income Fund by 1.4% during the second quarter. Baird Financial Group Inc. now owns 60,681 shares of the investment management company’s stock worth $893,000 after purchasing an additional 851 shares during the period. Corient Private Wealth LP boosted its position in abrdn Asia-Pacific Income Fund by 1.0% during the second quarter. Corient Private Wealth LP now owns 99,190 shares of the investment management company’s stock worth $1,449,000 after purchasing an additional 950 shares during the period. Advisory Solutions Group LLC bought a new position in abrdn Asia-Pacific Income Fund during the second quarter worth about $550,000. Finally, Rareview Capital LLC increased its stake in shares of abrdn Asia-Pacific Income Fund by 9.7% in the second quarter. Rareview Capital LLC now owns 263,270 shares of the investment management company’s stock worth $4,191,000 after purchasing an additional 23,236 shares in the last quarter. 33.55% of the stock is currently owned by institutional investors.

About abrdn Asia-Pacific Income Fund

abrdn Asia-Pacific Income Fund, Inc is a closed-end investment company listed on the NYSE American under the symbol FAX. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in fixed-income securities issued by governments, government-related entities and companies in the Asia-Pacific region.

The fund’s portfolio may include sovereign and corporate bonds, notes and other debt instruments denominated in local or foreign currencies. Its investment exposure can span developed and emerging markets across Asia and the Pacific, including countries such as Australia, China, India, Indonesia, South Korea, Malaysia, New Zealand, the Philippines, Singapore and Thailand.