abrdn Asia-Pacific Income Fund, Inc. $FAX Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC raised its position in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 3.0% in the second quarter, HoldingsChannel reports. The firm owned 1,088,176 shares of the investment management company’s stock after acquiring an additional 32,161 shares during the period. Penserra Capital Management LLC’s holdings in abrdn Asia-Pacific Income Fund were worth $17,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC grew its holdings in abrdn Asia-Pacific Income Fund by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 32,782 shares of the investment management company’s stock worth $515,000 after buying an additional 864 shares in the last quarter. Amundi raised its stake in abrdn Asia-Pacific Income Fund by 12.4% during the 1st quarter. Amundi now owns 1,005,906 shares of the investment management company’s stock valued at $15,823,000 after acquiring an additional 110,850 shares in the last quarter. Cetera Investment Advisers boosted its position in abrdn Asia-Pacific Income Fund by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 211,501 shares of the investment management company’s stock worth $3,321,000 after acquiring an additional 2,255 shares during the period. Easterly Investment Partners LLC grew its stake in shares of abrdn Asia-Pacific Income Fund by 161.7% in the second quarter. Easterly Investment Partners LLC now owns 81,739 shares of the investment management company’s stock worth $1,301,000 after purchasing an additional 50,500 shares in the last quarter. Finally, SFI Advisors LLC increased its holdings in shares of abrdn Asia-Pacific Income Fund by 112.1% during the first quarter. SFI Advisors LLC now owns 31,655 shares of the investment management company’s stock valued at $497,000 after purchasing an additional 16,730 shares during the period. Institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN FAX opened at $15.18 on Friday. The firm’s 50-day simple moving average is $15.98 and its 200 day simple moving average is $15.92. abrdn Asia-Pacific Income Fund, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $16.98.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 24th were issued a $0.165 dividend. The ex-dividend date was Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 13.0%.

abrdn Asia-Pacific Income Fund Profile

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.