US Bancorp DE Acquires 33,573 Shares of abrdn Asia-Pacific Income Fund, Inc. $FAX

US Bancorp DE grew its holdings in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 111.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 63,814 shares of the investment management company’s stock after acquiring an additional 33,573 shares during the quarter. US Bancorp DE’s holdings in abrdn Asia-Pacific Income Fund were worth $1,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in abrdn Asia-Pacific Income Fund in the first quarter worth $170,000. Fisher Asset Management LLC purchased a new position in abrdn Asia-Pacific Income Fund during the 2nd quarter valued at $187,000. CoreCap Advisors LLC raised its holdings in abrdn Asia-Pacific Income Fund by 25.3% in the 3rd quarter. CoreCap Advisors LLC now owns 15,040 shares of the investment management company’s stock worth $245,000 after purchasing an additional 3,040 shares in the last quarter. Moors & Cabot Inc. raised its holdings in abrdn Asia-Pacific Income Fund by 18.7% in the 2nd quarter. Moors & Cabot Inc. now owns 15,306 shares of the investment management company’s stock worth $244,000 after purchasing an additional 2,416 shares in the last quarter. Finally, Creative Planning lifted its position in shares of abrdn Asia-Pacific Income Fund by 6.9% in the 2nd quarter. Creative Planning now owns 21,167 shares of the investment management company’s stock worth $337,000 after purchasing an additional 1,364 shares during the period. Institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Stock Down 1.7%

Shares of FAX opened at $15.10 on Friday. The firm’s 50-day moving average price is $15.66 and its 200-day moving average price is $15.73. abrdn Asia-Pacific Income Fund, Inc. has a 1-year low of $13.99 and a 1-year high of $16.90.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.165 dividend. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 13.1%.

abrdn Asia-Pacific Income Fund Company Profile

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.