Penserra Capital Management LLC Acquires 41,402 Shares of abrdn Asia-Pacific Income Fund, Inc. $FAX

Penserra Capital Management LLC lifted its holdings in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 3.8% in the third quarter, Holdings Channel.com reports. The fund owned 1,129,578 shares of the investment management company’s stock after purchasing an additional 41,402 shares during the quarter. Penserra Capital Management LLC’s holdings in abrdn Asia-Pacific Income Fund were worth $18,400,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Franklin Resources Inc. raised its position in abrdn Asia-Pacific Income Fund by 135.2% in the second quarter. Franklin Resources Inc. now owns 211,903 shares of the investment management company’s stock worth $3,373,000 after purchasing an additional 121,790 shares in the last quarter. Truffle Hound Capital LLC grew its stake in shares of abrdn Asia-Pacific Income Fund by 20.0% in the 2nd quarter. Truffle Hound Capital LLC now owns 600,000 shares of the investment management company’s stock valued at $9,552,000 after purchasing an additional 100,000 shares during the period. Guggenheim Capital LLC raised its holdings in shares of abrdn Asia-Pacific Income Fund by 71.7% in the 2nd quarter. Guggenheim Capital LLC now owns 161,630 shares of the investment management company’s stock worth $2,573,000 after buying an additional 67,478 shares in the last quarter. Easterly Investment Partners LLC raised its holdings in shares of abrdn Asia-Pacific Income Fund by 161.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 81,739 shares of the investment management company’s stock worth $1,301,000 after buying an additional 50,500 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of abrdn Asia-Pacific Income Fund by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 882,669 shares of the investment management company’s stock worth $14,052,000 after buying an additional 45,337 shares during the period. 33.55% of the stock is currently owned by institutional investors and hedge funds.

abrdn Asia-Pacific Income Fund Stock Up 0.7%

Shares of FAX stock opened at $15.77 on Thursday. The stock’s fifty day simple moving average is $15.40 and its 200 day simple moving average is $15.77. abrdn Asia-Pacific Income Fund, Inc. has a one year low of $13.99 and a one year high of $16.90.

abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 23rd were paid a $0.165 dividend. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date was Friday, January 23rd.

abrdn Asia-Pacific Income Fund Profile

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.