Rareview Capital LLC Has $2.15 Million Stock Holdings in abrdn Asia-Pacific Income Fund, Inc. $FAX

Rareview Capital LLC decreased its position in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,213 shares of the investment management company’s stock after selling 6,500 shares during the period. abrdn Asia-Pacific Income Fund comprises 1.4% of Rareview Capital LLC’s holdings, making the stock its 22nd largest holding. Rareview Capital LLC owned approximately 0.05% of abrdn Asia-Pacific Income Fund worth $2,153,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Leigh Baldwin & CO. LLC acquired a new stake in abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $160,000. IFG Advisory LLC bought a new stake in shares of abrdn Asia-Pacific Income Fund during the second quarter worth about $166,000. Jane Street Group LLC bought a new stake in shares of abrdn Asia-Pacific Income Fund during the first quarter worth about $170,000. Apollon Wealth Management LLC grew its holdings in shares of abrdn Asia-Pacific Income Fund by 24.0% during the first quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company’s stock worth $224,000 after purchasing an additional 2,768 shares during the last quarter. Finally, Martin Capital Partners LLC bought a new stake in shares of abrdn Asia-Pacific Income Fund during the second quarter worth about $236,000. Institutional investors and hedge funds own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN:FAX opened at $15.49 on Tuesday. The firm’s fifty day moving average is $16.07 and its 200-day moving average is $15.92. abrdn Asia-Pacific Income Fund, Inc. has a 52 week low of $13.99 and a 52 week high of $16.98.

abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 24th were issued a $0.165 dividend. The ex-dividend date was Friday, October 24th. This represents a c) annualized dividend and a yield of 12.8%.

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.