Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $15.80. Abrdn Asia-Pacific Income Fund shares last traded at $15.72, with a volume of 98,414 shares changing hands.

Abrdn Asia-Pacific Income Fund Stock Up 0.1 %

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.98 annualized dividend and a dividend yield of 12.60%.

Institutional Trading of Abrdn Asia-Pacific Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB acquired a new stake in Abrdn Asia-Pacific Income Fund during the third quarter worth about $55,000. Tower Research Capital LLC TRC boosted its position in shares of Abrdn Asia-Pacific Income Fund by 641.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company’s stock worth $58,000 after acquiring an additional 3,387 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth approximately $101,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $162,000. Institutional investors own 33.55% of the company’s stock.

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.