Shaker Financial Services LLC Buys 155,079 Shares of abrdn Asia-Pacific Income Fund, Inc. $FAX

Shaker Financial Services LLC bought a new stake in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 155,079 shares of the investment management company’s stock, valued at approximately $2,028,000.

Other institutional investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. bought a new position in shares of abrdn Asia-Pacific Income Fund in the second quarter valued at about $43,000. CoreCap Advisors LLC bought a new stake in abrdn Asia-Pacific Income Fund during the 2nd quarter worth about $77,000. Maridea Wealth Management LLC bought a new stake in abrdn Asia-Pacific Income Fund during the 1st quarter worth about $217,000. Nwam LLC increased its position in abrdn Asia-Pacific Income Fund by 10.5% in the 1st quarter. Nwam LLC now owns 29,522 shares of the investment management company’s stock valued at $426,000 after acquiring an additional 2,795 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of abrdn Asia-Pacific Income Fund in the first quarter worth about $466,000. 33.55% of the stock is owned by institutional investors.

abrdn Asia-Pacific Income Fund Trading Down 1.4%

Shares of NYSEAMERICAN FAX traded down $0.17 during trading on Wednesday, reaching $12.63. The company had a trading volume of 162,062 shares, compared to its average volume of 184,272. abrdn Asia-Pacific Income Fund, Inc. has a 52 week low of $12.57 and a 52 week high of $16.37. The business’s 50 day moving average price is $14.02 and its 200-day moving average price is $14.42.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.2%.

About abrdn Asia-Pacific Income Fund

abrdn Asia-Pacific Income Fund, Inc is a closed-end investment company listed on the NYSE American under the symbol FAX. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in fixed-income securities issued by governments, government-related entities and companies in the Asia-Pacific region.

The fund’s portfolio may include sovereign and corporate bonds, notes and other debt instruments denominated in local or foreign currencies. Its investment exposure can span developed and emerging markets across Asia and the Pacific, including countries such as Australia, China, India, Indonesia, South Korea, Malaysia, New Zealand, the Philippines, Singapore and Thailand.