ORG Partners LLC Acquires Shares of 29,237 Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

ORG Partners LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 29,237 shares of the investment management company’s stock, valued at approximately $81,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sar Wealth Management Group LLC bought a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at approximately $31,000. MB Generational Wealth LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the fourth quarter worth $56,000. Hartline Investment Corp bought a new stake in Abrdn Asia-Pacific Income Fund in the first quarter worth $115,000. Simplicity Wealth LLC bought a new stake in Abrdn Asia-Pacific Income Fund in the first quarter worth $121,000. Finally, Janney Montgomery Scott LLC lifted its position in Abrdn Asia-Pacific Income Fund by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 108,223 shares of the investment management company’s stock worth $303,000 after buying an additional 9,766 shares during the last quarter. 33.55% of the stock is currently owned by institutional investors.

Abrdn Asia-Pacific Income Fund Stock Performance

FAX traded up $0.02 during trading on Friday, reaching $2.76. The company had a trading volume of 623,430 shares, compared to its average volume of 807,086. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $2.33 and a 52 week high of $2.84.

Abrdn Asia-Pacific Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 24th will be paid a $0.0275 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.33 dividend on an annualized basis and a yield of 11.96%.

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.