40,241 Shares in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 40,241 shares of the investment management company’s stock, valued at approximately $592,000.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new position in Abrdn Asia-Pacific Income Fund during the 3rd quarter worth about $55,000. Centaurus Financial Inc. purchased a new position in Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at about $101,000. Calamos Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $162,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the 4th quarter valued at about $170,000. 33.55% of the stock is currently owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN FAX opened at $15.86 on Wednesday. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $14.56 and a 52-week high of $17.55. The company’s 50 day simple moving average is $15.42.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.48%.

About Abrdn Asia-Pacific Income Fund

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.