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

Ancora Advisors LLC grew its holdings in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 392,000 shares of the investment management company’s stock after buying an additional 50,000 shares during the period. Ancora Advisors LLC owned 0.16% of Aberdeen Asia-Pacific Income Fund worth $1,623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Synovus Financial Corp increased 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 purchasing an additional 18,327 shares during the period. Private Advisor Group LLC increased 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 purchasing an additional 19,085 shares during the period. Creative Planning increased its stake in shares of Aberdeen Asia-Pacific Income Fund by 45.5% during the third quarter. Creative Planning now owns 67,218 shares of the investment management company’s stock worth $278,000 after purchasing an additional 21,029 shares during the period. Evanson Asset Management LLC increased its stake in shares of Aberdeen Asia-Pacific Income Fund by 1.8% during the third quarter. Evanson Asset Management LLC now owns 1,217,132 shares of the investment management company’s stock worth $5,039,000 after purchasing an additional 21,626 shares during the period. Finally, Cahill Financial Advisors Inc. increased its stake in shares of Aberdeen Asia-Pacific Income Fund by 20.4% during the second quarter. Cahill Financial Advisors Inc. now owns 136,832 shares of the investment management company’s stock worth $592,000 after purchasing an additional 23,225 shares during the period.

In other Aberdeen Asia-Pacific Income Fund 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 document filed with the SEC, which is accessible through the SEC website.

Shares of NYSEAMERICAN FAX opened at $4.01 on Monday. Aberdeen Asia-Pacific Income Fund, Inc. has a 1-year low of $3.91 and a 1-year high of $5.03.

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

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Aberdeen Asia-Pacific Income Fund 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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