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

Ancora Advisors LLC grew its holdings in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 392,000 shares of the investment management company’s stock after purchasing an additional 50,000 shares during the period. Ancora Advisors LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $1,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 6 Meridian acquired a new stake in shares of Aberdeen Asia-Pacific Income Fund during the 2nd quarter valued at $1,304,000. Oxbow Advisors LLC acquired a new stake in shares of Aberdeen Asia-Pacific Income Fund during the 2nd quarter valued at $20,580,000. Synovus Financial Corp boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 51.5% during the 3rd quarter. Synovus Financial Corp now owns 53,884 shares of the investment management company’s stock valued at $224,000 after acquiring an additional 18,327 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Aberdeen Asia-Pacific Income Fund during the 2nd quarter valued at $249,000. Finally, Cahill Financial Advisors Inc. boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 20.4% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 136,832 shares of the investment management company’s stock valued at $592,000 after acquiring an additional 23,225 shares in the last quarter.

In related news, Director Peter D. Sacks sold 6,500 shares of the firm’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $3.96, for a total transaction of $25,740.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NYSEAMERICAN FAX opened at $4.01 on Monday. Aberdeen Asia-Pacific Income Fund, Inc. has a twelve month low of $3.91 and a twelve month high of $5.03.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 28th. Investors of record on Monday, November 19th were issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 10.47%. The ex-dividend date of this dividend was Friday, November 16th.

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Aberdeen Asia-Pacific Income Fund Company Profile

Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Asset Management Asia Limited. It is co-managed by Aberdeen Asset Management Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

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

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