Apollon Wealth Management LLC Invests $170,000 in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Apollon Wealth Management LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,527 shares of the investment management company’s stock, valued at approximately $170,000.

Several other large investors have also bought and sold shares of FAX. Sanctuary Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund in the 2nd quarter valued at approximately $142,000. Shaker Financial Services LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the third quarter valued at about $516,000. Mezzasalma Advisors LLC acquired a new stake in shares of Abrdn Asia-Pacific Income Fund during the fourth quarter valued at about $361,000. Benjamin Edwards Inc. acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter valued at approximately $1,398,000. Finally, Centaurus Financial Inc. acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the third quarter valued at approximately $101,000. 33.55% of the stock is owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN:FAX opened at $15.59 on Friday. Abrdn Asia-Pacific Income Fund Inc has a one year low of $14.56 and a one year high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 12.70%. The ex-dividend date is Friday, February 21st.

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.