Penserra Capital Management LLC Has $18.40 Million Stake in abrdn Asia-Pacific Income Fund, Inc. $FAX

Penserra Capital Management LLC raised its position in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,129,578 shares of the investment management company’s stock after acquiring an additional 41,402 shares during the period. Penserra Capital Management LLC owned approximately 0.46% of abrdn Asia-Pacific Income Fund worth $18,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. IFG Advisory LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the 2nd quarter worth about $166,000. Jane Street Group LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the first quarter worth approximately $170,000. Fisher Asset Management LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the second quarter worth approximately $187,000. Moors & Cabot Inc. boosted its position in shares of abrdn Asia-Pacific Income Fund by 18.7% in the second quarter. Moors & Cabot Inc. now owns 15,306 shares of the investment management company’s stock valued at $244,000 after acquiring an additional 2,416 shares during the period. Finally, CoreCap Advisors LLC grew its stake in shares of abrdn Asia-Pacific Income Fund by 25.3% in the third quarter. CoreCap Advisors LLC now owns 15,040 shares of the investment management company’s stock worth $245,000 after acquiring an additional 3,040 shares during the last quarter. 33.55% of the stock is owned by institutional investors and hedge funds.

abrdn Asia-Pacific Income Fund Stock Up 0.7%

Shares of FAX stock opened at $15.77 on Thursday. abrdn Asia-Pacific Income Fund, Inc. has a 1 year low of $13.99 and a 1 year high of $16.90. The firm’s fifty day simple moving average is $15.40 and its 200 day simple moving average is $15.77.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 23rd were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%.

abrdn Asia-Pacific Income Fund Profile

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.