abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) to Issue Monthly Dividend of $0.17

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) announced a monthly dividend on Monday, January 12th. Investors of record on Friday, January 23rd will be paid a dividend of 0.165 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Friday, January 23rd.

abrdn Asia-Pacific Income Fund Price Performance

FAX traded up $0.11 on Tuesday, hitting $15.35. The company had a trading volume of 266,608 shares, compared to its average volume of 251,964. The stock has a fifty day moving average price of $15.30 and a 200-day moving average price of $15.82. abrdn Asia-Pacific Income Fund has a 12-month low of $13.99 and a 12-month high of $16.90.

Institutional Trading of abrdn Asia-Pacific Income Fund

Several large investors have recently bought and sold shares of the stock. IFG Advisory LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund in the second quarter worth about $166,000. Jane Street Group LLC acquired a new position in abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $170,000. Fisher Asset Management LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund in the 2nd quarter worth approximately $187,000. Ameriprise Financial Inc. acquired a new position in shares of abrdn Asia-Pacific Income Fund in the third quarter valued at approximately $189,000. Finally, Martin Capital Partners LLC acquired a new position in abrdn Asia-Pacific Income Fund during the 2nd quarter worth $236,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

About abrdn Asia-Pacific Income Fund

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.