Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Hits New 52-Week Low – Here’s What Happened

Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) reached a new 52-week low on Monday . The stock traded as low as $13.99 and last traded at $14.56, with a volume of 142640 shares traded. The stock had previously closed at $15.11.

Abrdn Asia-Pacific Income Fund Stock Down 3.3 %

The company’s 50-day moving average price is $15.57.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 13.56%. The ex-dividend date was Tuesday, March 25th.

Institutional Investors Weigh In On Abrdn Asia-Pacific Income Fund

Large investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB acquired a new position in Abrdn Asia-Pacific Income Fund during the third quarter worth $55,000. Tower Research Capital LLC TRC raised its holdings in Abrdn Asia-Pacific Income Fund by 641.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,915 shares of the investment management company’s stock worth $58,000 after buying an additional 3,387 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter valued at $162,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at about $170,000. 33.55% of the stock is currently owned by institutional investors and hedge funds.

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.