28,251 Shares in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Acquired by Maridea Wealth Management LLC

Maridea Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 28,251 shares of the investment management company’s stock, valued at approximately $416,000.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter worth $55,000. Calamos Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter worth $162,000. Apollon Wealth Management LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter worth $170,000. Finally, Mezzasalma Advisors LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $361,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Trading Up 0.2 %

NYSEAMERICAN FAX opened at $15.67 on Friday. The stock’s 50-day simple moving average is $15.48. Abrdn Asia-Pacific Income Fund Inc has a twelve month low of $14.56 and a twelve month high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

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

Abrdn Asia-Pacific Income Fund 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.