Icon Advisers Inc. Co. decreased its holdings in shares of Asia Pacific Fund, Inc. (NYSE:APB) by 50.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,156 shares of the investment management company’s stock after selling 76,466 shares during the period. Icon Advisers Inc. Co. owned about 0.74% of Asia Pacific Fund worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Shares of APB stock opened at $12.36 on Friday. Asia Pacific Fund, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $15.70.
In other Asia Pacific Fund news, major shareholder City Of London Investment Grou sold 20,000 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $12.50, for a total value of $250,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 60.29% of the company’s stock.
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About Asia Pacific Fund
The Asia Pacific Fund, Inc operates as a closed-end investment fund/investment trust. Its objective is to achieve long-term capital appreciation through investment of investable assets in equity securities of companies in the Asia Pacific countries. The company was founded in May 1987 and is headquartered in New York, NY.
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