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

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Friday, April 10th. Shareholders of record on Wednesday, April 22nd will be given a dividend of 0.165 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date is Wednesday, April 22nd.

abrdn Asia-Pacific Income Fund Stock Performance

FAX stock opened at $15.11 on Monday. The business’s 50-day moving average price is $15.29 and its two-hundred day moving average price is $15.38. abrdn Asia-Pacific Income Fund has a 1-year low of $14.18 and a 1-year high of $16.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC lifted its holdings in abrdn Asia-Pacific Income Fund by 3.8% during the third quarter. Penserra Capital Management LLC now owns 1,129,578 shares of the investment management company’s stock worth $18,400,000 after acquiring an additional 41,402 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in abrdn Asia-Pacific Income Fund by 3.8% during the fourth quarter. Evergreen Capital Management LLC now owns 896,662 shares of the investment management company’s stock worth $13,900,000 after acquiring an additional 33,158 shares in the last quarter. EP Wealth Advisors LLC bought a new position in abrdn Asia-Pacific Income Fund during the fourth quarter worth about $8,659,000. Invesco Ltd. lifted its holdings in abrdn Asia-Pacific Income Fund by 20.5% during the fourth quarter. Invesco Ltd. now owns 493,021 shares of the investment management company’s stock worth $7,563,000 after acquiring an additional 83,892 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in abrdn Asia-Pacific Income Fund by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 233,061 shares of the investment management company’s stock worth $3,575,000 after acquiring an additional 2,497 shares in the last quarter. 33.55% of the stock is currently owned by institutional investors.

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.