Aberdeen Asia-Pacific Income Fund, Inc. (FAX) Stake Boosted by Apriem Advisors

Apriem Advisors increased its holdings in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 70.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,000 shares of the investment management company’s stock after acquiring an additional 41,000 shares during the period. Apriem Advisors’ holdings in Aberdeen Asia-Pacific Income Fund were worth $511,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Synovus Financial Corp lifted its stake in Aberdeen Asia-Pacific Income Fund by 1.8% in the second quarter. Synovus Financial Corp now owns 34,764 shares of the investment management company’s stock valued at $173,000 after purchasing an additional 612 shares during the last quarter. Brookstone Capital Management lifted its stake in Aberdeen Asia-Pacific Income Fund by 4.4% in the second quarter. Brookstone Capital Management now owns 23,750 shares of the investment management company’s stock valued at $119,000 after purchasing an additional 1,000 shares during the last quarter. BB&T Securities LLC lifted its stake in Aberdeen Asia-Pacific Income Fund by 5.3% in the second quarter. BB&T Securities LLC now owns 39,837 shares of the investment management company’s stock valued at $199,000 after purchasing an additional 2,000 shares during the last quarter. Benchmark Capital Advisors lifted its position in shares of Aberdeen Asia-Pacific Income Fund by 7.7% during the second quarter. Benchmark Capital Advisors now owns 33,500 shares of the investment management company’s stock worth $167,000 after acquiring an additional 2,400 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Aberdeen Asia-Pacific Income Fund by 13.7% during the second quarter. MML Investors Services LLC now owns 30,359 shares of the investment management company’s stock worth $152,000 after acquiring an additional 3,661 shares in the last quarter.

Aberdeen Asia-Pacific Income Fund, Inc. (FAX) traded up $0.01 during trading hours on Thursday, hitting $4.92. The company’s stock had a trading volume of 359,900 shares, compared to its average volume of 604,711. Aberdeen Asia-Pacific Income Fund, Inc. has a 12-month low of $4.56 and a 12-month high of $5.29.

The business also recently announced a monthly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 21st were given a dividend of $0.035 per share. The ex-dividend date was Monday, November 20th. This represents a $0.42 annualized dividend and a dividend yield of 8.54%. Aberdeen Asia-Pacific Income Fund’s dividend payout ratio is currently 221.05%.

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Aberdeen Asia-Pacific Income Fund Profile

Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, the Fund invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in Asian debt securities, Australian debt securities and New Zealand debt securities.

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

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