IFG Advisory LLC Makes New Investment in abrdn Asia-Pacific Income Fund, Inc. $FAX

IFG Advisory LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,442 shares of the investment management company’s stock, valued at approximately $166,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC raised its holdings in abrdn Asia-Pacific Income Fund by 2.7% during the 1st quarter. Private Advisor Group LLC now owns 32,782 shares of the investment management company’s stock worth $515,000 after buying an additional 864 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in abrdn Asia-Pacific Income Fund by 2.5% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 46,264 shares of the investment management company’s stock worth $726,000 after buying an additional 1,116 shares during the period. Cetera Investment Advisers raised its holdings in abrdn Asia-Pacific Income Fund by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 211,501 shares of the investment management company’s stock worth $3,321,000 after buying an additional 2,255 shares during the period. Apollon Wealth Management LLC raised its holdings in abrdn Asia-Pacific Income Fund by 24.0% during the 1st quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company’s stock worth $224,000 after buying an additional 2,768 shares during the period. Finally, Easterly Investment Partners LLC raised its holdings in abrdn Asia-Pacific Income Fund by 18.2% during the 1st quarter. Easterly Investment Partners LLC now owns 31,239 shares of the investment management company’s stock worth $490,000 after buying an additional 4,800 shares during the period. Institutional investors and hedge funds own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN FAX opened at $15.39 on Wednesday. The stock’s 50-day moving average price is $16.05 and its two-hundred day moving average price is $15.92. abrdn Asia-Pacific Income Fund, Inc. has a 1 year low of $13.99 and a 1 year high of $16.98.

abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 24th were paid a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend was Friday, October 24th.

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.