Mezzasalma Advisors LLC Takes Position in Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX)

Mezzasalma Advisors LLC bought a new stake in shares of Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,556 shares of the investment management company’s stock, valued at approximately $361,000.

Several other hedge funds also recently added to or reduced their stakes in FAX. Northwestern Mutual Wealth Management Co. grew its stake in shares of Abrdn Asia-Pacific Income Fund by 34.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,592 shares of the investment management company’s stock worth $103,000 after purchasing an additional 9,885 shares during the period. Sanctuary Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund during the second quarter worth $142,000. Shaker Financial Services LLC acquired a new stake in Abrdn Asia-Pacific Income Fund during the third quarter valued at $516,000. Centaurus Financial Inc. purchased a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at $101,000. Finally, Garner Asset Management Corp raised its position in shares of Abrdn Asia-Pacific Income Fund by 33.5% in the third quarter. Garner Asset Management Corp now owns 55,884 shares of the investment management company’s stock worth $972,000 after acquiring an additional 14,009 shares during the period. 33.55% of the stock is owned by hedge funds and other institutional investors.

Abrdn Asia-Pacific Income Fund Stock Down 0.5 %

NYSEAMERICAN:FAX opened at $15.59 on Friday. Abrdn Asia-Pacific Income Fund Inc has a 52 week low of $14.56 and a 52 week high of $17.55.

Abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.98 dividend on an annualized basis and a yield of 12.70%.

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.