Aberdeen Asia-Pacific Income Fund, Inc. (FAX) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC reduced its stake in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,634,202 shares of the investment management company’s stock after selling 129,737 shares during the quarter. Aberdeen Asia-Pacific Income Fund comprises approximately 2.3% of Oxbow Advisors LLC’s portfolio, making the stock its 5th biggest holding. Oxbow Advisors LLC owned approximately 1.84% of Aberdeen Asia-Pacific Income Fund worth $19,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FAX. Trust Department MB Financial Bank N A purchased a new position in shares of Aberdeen Asia-Pacific Income Fund during the second quarter worth approximately $125,000. Private Advisor Group LLC raised its stake in shares of Aberdeen Asia-Pacific Income Fund by 145.7% during the third quarter. Private Advisor Group LLC now owns 32,187 shares of the investment management company’s stock worth $133,000 after acquiring an additional 19,085 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Aberdeen Asia-Pacific Income Fund by 51.5% during the third quarter. Synovus Financial Corp now owns 53,884 shares of the investment management company’s stock worth $224,000 after acquiring an additional 18,327 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Aberdeen Asia-Pacific Income Fund by 162.2% during the second quarter. Citadel Advisors LLC now owns 53,946 shares of the investment management company’s stock worth $233,000 after acquiring an additional 33,374 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Aberdeen Asia-Pacific Income Fund during the second quarter worth approximately $249,000.

FAX stock opened at $4.03 on Friday. Aberdeen Asia-Pacific Income Fund, Inc. has a one year low of $3.91 and a one year high of $5.03.

The firm also recently declared a monthly dividend, which was paid on Monday, October 29th. Shareholders of record on Friday, October 19th were paid a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 10.42%. The ex-dividend date of this dividend was Thursday, October 18th.

In related news, Director Peter D. Sacks sold 6,500 shares of Aberdeen Asia-Pacific Income Fund stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $3.96, for a total value of $25,740.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

WARNING: This story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/11/10/aberdeen-asia-pacific-income-fund-inc-fax-shares-sold-by-oxbow-advisors-llc.html.

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.

Featured Article: What does the Dow Jones Industrial Average (DJIA) measure?

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:FAX).

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

Receive News & Ratings for Aberdeen Asia-Pacific Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asia-Pacific Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply