Franklin Resources Inc. Grows Position in abrdn Asia-Pacific Income Fund, Inc. $FAX

Franklin Resources Inc. raised its position in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 135.2% during the 2nd quarter, Holdings Channel reports. The fund owned 211,903 shares of the investment management company’s stock after purchasing an additional 121,790 shares during the period. Franklin Resources Inc.’s holdings in abrdn Asia-Pacific Income Fund were worth $3,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Penserra Capital Management LLC increased its position in abrdn Asia-Pacific Income Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 1,088,176 shares of the investment management company’s stock worth $17,323,000 after purchasing an additional 32,161 shares during the last quarter. Amundi grew its stake in shares of abrdn Asia-Pacific Income Fund by 12.4% in the 1st quarter. Amundi now owns 1,005,906 shares of the investment management company’s stock worth $15,823,000 after buying an additional 110,850 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 worth $9,552,000 after buying an additional 100,000 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of abrdn Asia-Pacific Income Fund by 3.4% in the 2nd quarter. Cetera Investment Advisers now owns 218,674 shares of the investment management company’s stock worth $3,481,000 after buying an additional 7,173 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its position in shares of abrdn Asia-Pacific Income Fund by 6.6% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 185,354 shares of the investment management company’s stock valued at $2,951,000 after buying an additional 11,555 shares in the last quarter. 33.55% of the stock is currently owned by institutional investors.

abrdn Asia-Pacific Income Fund Stock Down 0.5%

Shares of NYSEAMERICAN:FAX opened at $15.24 on Wednesday. abrdn Asia-Pacific Income Fund, Inc. has a 12 month low of $13.99 and a 12 month high of $16.90. The company has a 50-day moving average price of $15.56 and a 200 day moving average price of $15.90.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were issued a $0.165 dividend. The ex-dividend date was Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%.

abrdn Asia-Pacific Income Fund 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.