Truffle Hound Capital LLC Buys 100,000 Shares of abrdn Asia-Pacific Income Fund, Inc. $FAX

Truffle Hound Capital LLC increased its stake in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 20.0% in the second quarter, HoldingsChannel.com reports. The firm owned 600,000 shares of the investment management company’s stock after buying an additional 100,000 shares during the period. abrdn Asia-Pacific Income Fund accounts for approximately 2.4% of Truffle Hound Capital LLC’s portfolio, making the stock its 6th largest holding. Truffle Hound Capital LLC’s holdings in abrdn Asia-Pacific Income Fund were worth $9,552,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Leigh Baldwin & CO. LLC acquired a new position in abrdn Asia-Pacific Income Fund during the first quarter worth $160,000. IFG Advisory LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund in the 2nd quarter valued at $166,000. Jane Street Group LLC acquired a new position in abrdn Asia-Pacific Income Fund during the 1st quarter worth about $170,000. Apollon Wealth Management LLC lifted its stake 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 acquiring an additional 2,768 shares in the last quarter. Finally, Martin Capital Partners LLC purchased a new position in abrdn Asia-Pacific Income Fund during the 2nd quarter valued at about $236,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Trading Up 0.3%

Shares of NYSEAMERICAN:FAX opened at $15.48 on Tuesday. The firm’s 50-day moving average is $15.86 and its two-hundred day moving average is $15.92. abrdn Asia-Pacific Income Fund, Inc. has a 1 year low of $13.99 and a 1 year high of $16.90.

abrdn Asia-Pacific Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 21st will be paid a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Friday, November 21st.

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.