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Hedge Funds

AE Wealth Management LLC Reduces Holdings in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX)


AE Wealth Management LLC reduced its position in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAXGet Rating) by 15.9% in the 1st quarter, Holdings Channel reports. The fund owned 35,284 shares of the investment management company’s stock after selling 6,676 shares during the period. AE Wealth Management LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in Aberdeen Asia-Pacific Income Fund by 3.3% in the 4th quarter. Invesco Ltd. now owns 4,014,825 shares of the investment management company’s stock worth $15,337,000 after acquiring an additional 127,404 shares during the period. Oxbow Advisors LLC boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 0.7% in the 4th quarter. Oxbow Advisors LLC now owns 3,302,315 shares of the investment management company’s stock valued at $12,615,000 after purchasing an additional 24,556 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund in the 4th quarter valued at $12,495,000. LPL Financial LLC boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 16.7% in the 4th quarter. LPL Financial LLC now owns 2,901,296 shares of the investment management company’s stock valued at $11,083,000 after purchasing an additional 414,489 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund in the 4th quarter valued at $5,531,000. 20.38% of the stock is owned by hedge funds and other institutional investors.

Shares of FAX opened at $2.73 on Thursday. Aberdeen Asia-Pacific Income Fund, Inc. has a fifty-two week low of $2.72 and a fifty-two week high of $4.42.

The business also recently declared a monthly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd were issued a $0.0275 dividend. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.09%.

Aberdeen Asia-Pacific Income Fund Profile (Get Rating)

Aberdeen 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.

Further Reading

Want to see what other hedge funds are holding FAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAXGet Rating).

Institutional Ownership by Quarter for Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)



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