Pekin Hardy Strauss Inc. Buys 56,365 Shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Pekin Hardy Strauss Inc. lifted its stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) by 41.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 192,971 shares of the investment management company’s stock after acquiring an additional 56,365 shares during the period. Pekin Hardy Strauss Inc. owned approximately 0.08% of Abrdn Asia-Pacific Income Fund worth $523,000 as of its most recent SEC filing.

Separately, Ironsides Asset Advisors LLC lifted its holdings in shares of Abrdn Asia-Pacific Income Fund by 50.2% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 67,982 shares of the investment management company’s stock worth $167,000 after acquiring an additional 22,717 shares during the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Trading Down 1.0 %

FAX opened at $2.50 on Wednesday. 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 Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd were issued a dividend of $0.0275 per share. The ex-dividend date was Monday, April 22nd. This represents a $0.33 dividend on an annualized basis and a yield of 13.23%.

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.