Maridea Wealth Management LLC Takes Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Maridea Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 28,251 shares of the investment management company’s stock, valued at approximately $416,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Benjamin Edwards Inc. acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the third quarter valued at about $1,398,000. EP Wealth Advisors LLC grew its stake in Abrdn Asia-Pacific Income Fund by 792.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,047,760 shares of the investment management company’s stock valued at $18,231,000 after purchasing an additional 930,402 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Abrdn Asia-Pacific Income Fund during the 3rd quarter worth approximately $55,000. PFG Investments LLC raised its position in shares of Abrdn Asia-Pacific Income Fund by 2.1% in the 4th quarter. PFG Investments LLC now owns 54,815 shares of the investment management company’s stock valued at $807,000 after purchasing an additional 1,137 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $162,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Up 0.2 %

Shares of FAX stock opened at $15.67 on Friday. The business’s fifty day moving average is $15.48. Abrdn Asia-Pacific Income Fund Inc has a 1-year low of $14.56 and a 1-year high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 25th will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 12.64%. The ex-dividend date of this dividend is Tuesday, March 25th.

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.