Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Stock Price Crosses Above 50-Day Moving Average of $0.00

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $2.60. Abrdn Asia-Pacific Income Fund shares last traded at $2.60, with a volume of 604,983 shares.

Abrdn Asia-Pacific Income Fund Trading Up 1.2 %

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd were paid a $0.0275 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $0.33 annualized dividend and a dividend yield of 12.69%.

Institutional Trading of Abrdn Asia-Pacific Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Koshinski Asset Management Inc. purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter valued at $30,000. Sar Wealth Management Group LLC bought a new stake in Abrdn Asia-Pacific Income Fund during the fourth quarter valued at about $31,000. MB Generational Wealth LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $56,000. ORG Partners LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund in the first quarter worth about $81,000. Finally, Hartline Investment Corp purchased a new stake in shares of Abrdn Asia-Pacific Income Fund during the first quarter worth about $115,000. Hedge funds and other 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.