Rareview Capital LLC Increases Holdings in abrdn Asia-Pacific Income Fund, Inc. $FAX

Rareview Capital LLC boosted its stake in abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 33.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,034 shares of the investment management company’s stock after purchasing an additional 59,937 shares during the period. abrdn Asia-Pacific Income Fund makes up about 2.2% of Rareview Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Rareview Capital LLC owned approximately 0.58% of abrdn Asia-Pacific Income Fund worth $3,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC lifted its stake in shares of abrdn Asia-Pacific Income Fund by 3.8% during the fourth quarter. Evergreen Capital Management LLC now owns 896,662 shares of the investment management company’s stock worth $13,900,000 after purchasing an additional 33,158 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of abrdn Asia-Pacific Income Fund in the fourth quarter valued at about $8,659,000. Invesco Ltd. grew its stake in shares of abrdn Asia-Pacific Income Fund by 20.5% in the fourth quarter. Invesco Ltd. now owns 493,021 shares of the investment management company’s stock valued at $7,563,000 after buying an additional 83,892 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of abrdn Asia-Pacific Income Fund by 1.1% during the 4th quarter. Cetera Investment Advisers now owns 233,061 shares of the investment management company’s stock valued at $3,575,000 after buying an additional 2,497 shares during the period. Finally, Guggenheim Capital LLC lifted its position in abrdn Asia-Pacific Income Fund by 10.0% during the 4th quarter. Guggenheim Capital LLC now owns 228,147 shares of the investment management company’s stock worth $3,500,000 after acquiring an additional 20,724 shares in the last quarter. 33.55% of the stock is owned by hedge funds and other institutional investors.

abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN FAX opened at $14.56 on Friday. abrdn Asia-Pacific Income Fund, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $16.90. The business has a 50 day moving average price of $14.62 and a two-hundred day moving average price of $15.10.

abrdn Asia-Pacific Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.165 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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.