Easterly Investment Partners LLC Buys 10,000 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Easterly Investment Partners LLC boosted its position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 60.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,439 shares of the investment management company’s stock after acquiring an additional 10,000 shares during the period. Easterly Investment Partners LLC’s holdings in Abrdn Asia-Pacific Income Fund were worth $389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth about $37,000. Wilmington Savings Fund Society FSB purchased a new stake in Abrdn Asia-Pacific Income Fund in the third quarter worth $55,000. Centaurus Financial Inc. bought a new stake 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 during the fourth quarter valued at approximately $162,000. Finally, Apollon Wealth Management LLC bought a new stake in Abrdn Asia-Pacific Income Fund during the 4th quarter valued at $170,000. 33.55% of the stock is currently owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN FAX opened at $15.64 on Friday. The company’s 50 day simple moving average is $15.46. Abrdn Asia-Pacific Income Fund Inc has a 52-week low of $14.56 and a 52-week high of $17.55.

Abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 12.66%.

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.