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

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Tuesday, February 10th. Investors of record on Friday, February 20th will be given a dividend of 0.165 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Friday, February 20th.

abrdn Asia-Pacific Income Fund Trading Down 0.0%

abrdn Asia-Pacific Income Fund stock traded down $0.01 during midday trading on Wednesday, reaching $15.90. The company had a trading volume of 93,509 shares, compared to its average volume of 227,200. abrdn Asia-Pacific Income Fund has a 12-month low of $13.99 and a 12-month high of $16.90. The firm’s fifty day simple moving average is $15.43 and its 200-day simple moving average is $15.76.

Institutional Trading of abrdn Asia-Pacific Income Fund

Institutional investors have recently made changes to their positions in the company. IFG Advisory LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund during the second quarter worth approximately $166,000. Jane Street Group LLC acquired a new stake in abrdn Asia-Pacific Income Fund during the 1st quarter worth $170,000. Fisher Asset Management LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund during the second quarter worth $187,000. Ameriprise Financial Inc. purchased a new stake in shares of abrdn Asia-Pacific Income Fund during the third quarter worth $189,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of abrdn Asia-Pacific Income Fund by 5.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 12,866 shares of the investment management company’s stock valued at $197,000 after buying an additional 683 shares during the last quarter. 33.55% of the stock is owned by institutional investors and hedge funds.

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.