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

Simplicity Wealth LLC purchased a new stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 43,317 shares of the investment management company’s stock, valued at approximately $121,000.

Several other hedge funds have also made changes to their positions in the company. PFG Investments LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 1st quarter worth approximately $697,000. International Assets Investment Management LLC boosted its position in shares of Abrdn Asia-Pacific Income Fund by 19.0% during the 1st quarter. International Assets Investment Management LLC now owns 222,641 shares of the investment management company’s stock worth $619,000 after purchasing an additional 35,477 shares during the period. Sar Wealth Management Group LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $31,000. MB Generational Wealth LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter worth approximately $56,000. Finally, Pekin Hardy Strauss Inc. lifted its holdings in Abrdn Asia-Pacific Income Fund by 41.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 192,971 shares of the investment management company’s stock worth $523,000 after buying an additional 56,365 shares in the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Abrdn Asia-Pacific Income Fund stock remained flat at $2.66 during mid-day trading on Friday. 774,291 shares of the company’s stock were exchanged, compared to its average volume of 989,897. Abrdn Asia-Pacific Income Fund Inc has a 12 month low of $2.33 and a 12 month high of $2.84.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be issued a $0.0275 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.41%.

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.