abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Plans Monthly Dividend of $0.15

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Friday, October 9th. Shareholders of record on Friday, October 23rd will be paid 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 yield of 13.9%. The ex-dividend date is Friday, October 23rd.

abrdn Asia-Pacific Income Fund Stock Up 0.2%

Shares of NYSEAMERICAN FAX traded up $0.02 during mid-day trading on Wednesday, hitting $12.95. The company’s stock had a trading volume of 20,149 shares, compared to its average volume of 185,368. abrdn Asia-Pacific Income Fund has a one year low of $12.56 and a one year high of $16.37. The company’s fifty day simple moving average is $13.85 and its 200-day simple moving average is $14.36.

Institutional Investors Weigh In On abrdn Asia-Pacific Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FAX. Shaker Financial Services LLC acquired a new stake in shares of abrdn Asia-Pacific Income Fund during the third quarter worth $2,028,000. Baird Financial Group Inc. boosted its position in shares of abrdn Asia-Pacific Income Fund by 1.4% in the second quarter. Baird Financial Group Inc. now owns 60,681 shares of the investment management company’s stock valued at $893,000 after acquiring an additional 851 shares during the period. Corient Private Wealth LP grew its stake in shares of abrdn Asia-Pacific Income Fund by 1.0% in the second quarter. Corient Private Wealth LP now owns 99,190 shares of the investment management company’s stock valued at $1,449,000 after acquiring an additional 950 shares in the last quarter. Advisory Solutions Group LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund in the second quarter valued at about $550,000. Finally, Rareview Capital LLC grew 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 valued at $4,191,000 after acquiring an additional 23,236 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.

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.