US Bancorp DE Buys 33,573 Shares of abrdn Asia-Pacific Income Fund, Inc. $FAX

US Bancorp DE increased its stake in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 111.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,814 shares of the investment management company’s stock after acquiring an additional 33,573 shares during the period. US Bancorp DE’s holdings in abrdn Asia-Pacific Income Fund were worth $1,040,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FAX. Franklin Resources Inc. grew its position in abrdn Asia-Pacific Income Fund by 135.2% during the 2nd quarter. Franklin Resources Inc. now owns 211,903 shares of the investment management company’s stock worth $3,373,000 after acquiring an additional 121,790 shares during the last quarter. Truffle Hound Capital LLC lifted its position in abrdn Asia-Pacific Income Fund by 20.0% in the second quarter. Truffle Hound Capital LLC now owns 600,000 shares of the investment management company’s stock valued at $9,552,000 after purchasing an additional 100,000 shares during the last quarter. Guggenheim Capital LLC lifted its position in abrdn Asia-Pacific Income Fund by 71.7% in the second quarter. Guggenheim Capital LLC now owns 161,630 shares of the investment management company’s stock valued at $2,573,000 after purchasing an additional 67,478 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of abrdn Asia-Pacific Income Fund by 5.4% during the second quarter. Evergreen Capital Management LLC now owns 882,669 shares of the investment management company’s stock valued at $14,052,000 after purchasing an additional 45,337 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in shares of abrdn Asia-Pacific Income Fund by 3.8% during the third quarter. Penserra Capital Management LLC now owns 1,129,578 shares of the investment management company’s stock valued at $18,400,000 after purchasing an additional 41,402 shares during the period. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

abrdn Asia-Pacific Income Fund Stock Performance

Shares of abrdn Asia-Pacific Income Fund stock opened at $15.10 on Friday. abrdn Asia-Pacific Income Fund, Inc. has a 52-week low of $13.99 and a 52-week high of $16.90. The company’s 50 day moving average price is $15.66 and its 200-day moving average price is $15.73.

abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.165 dividend. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend was Friday, February 20th.

About abrdn Asia-Pacific Income Fund

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.