abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Shares Cross Below Fifty Day Moving Average – What’s Next?

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.34 and traded as low as $15.32. abrdn Asia-Pacific Income Fund shares last traded at $15.39, with a volume of 152,923 shares traded.

abrdn Asia-Pacific Income Fund Trading Up 0.5%

The stock’s fifty day simple moving average is $15.34 and its 200-day simple moving average is $15.86.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.165 per share. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Wednesday, December 31st.

Institutional Trading of abrdn Asia-Pacific Income Fund

Several large investors have recently added to or reduced their stakes in the company. IFG Advisory LLC bought a new position in shares of abrdn Asia-Pacific Income Fund in the second quarter valued at about $166,000. Jane Street Group LLC bought a new position in shares of abrdn Asia-Pacific Income Fund in the first quarter worth about $170,000. Fisher Asset Management LLC acquired a new position in shares of abrdn Asia-Pacific Income Fund during the second quarter worth approximately $187,000. Ameriprise Financial Inc. bought a new stake in shares of abrdn Asia-Pacific Income Fund during the third quarter valued at approximately $189,000. Finally, Martin Capital Partners LLC bought a new position in abrdn Asia-Pacific Income Fund in the 2nd quarter worth approximately $236,000. 33.55% of the stock is owned by institutional investors.

abrdn Asia-Pacific Income Fund Company 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.