500,000 Shares in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Bought by Truffle Hound Capital LLC

Truffle Hound Capital LLC acquired a new stake in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 500,000 shares of the investment management company’s stock, valued at approximately $7,360,000. Abrdn Asia-Pacific Income Fund accounts for 2.6% of Truffle Hound Capital LLC’s investment portfolio, making the stock its 6th largest position.

A number of other institutional investors have also recently bought and sold shares of the business. PFG Investments LLC grew its stake in Abrdn Asia-Pacific Income Fund by 2.1% in the 4th quarter. PFG Investments LLC now owns 54,815 shares of the investment management company’s stock valued at $807,000 after purchasing an additional 1,137 shares during the period. Golden State Wealth Management LLC bought a new position in Abrdn Asia-Pacific Income Fund in the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new position in Abrdn Asia-Pacific Income Fund in the 3rd quarter valued at $55,000. Centaurus Financial Inc. purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 3rd quarter valued at $101,000. Finally, Calamos Advisors LLC purchased a new position in shares of Abrdn Asia-Pacific Income Fund during the 4th quarter valued at $162,000. Institutional investors own 33.55% of the company’s stock.

Abrdn Asia-Pacific Income Fund Stock Performance

Shares of NYSEAMERICAN FAX opened at $16.06 on Friday. Abrdn Asia-Pacific Income Fund Inc has a one year low of $14.56 and a one year high of $17.55. The company’s fifty day moving average price is $15.36.

Abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 12.33%.

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.