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

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)’s share price crossed above its 50 day moving average during trading on Friday . 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 $2.57, with a volume of 811,955 shares traded.

Abrdn Asia-Pacific Income Fund Stock Performance

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.0275 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.33 dividend on an annualized basis and a yield of 12.84%.

Institutional Trading of Abrdn Asia-Pacific Income Fund

A number of large investors have recently bought and sold shares of FAX. IHT Wealth Management LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the third quarter worth $27,000. Sar Wealth Management Group LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter worth $31,000. Saba Capital Management L.P. purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the first quarter valued at $34,000. Burford Brothers Inc. purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $37,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter valued at $38,000. 33.55% of the stock is owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Company Profile

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.