Home Hedge Funds AdvisorNet Financial Inc Acquires 54,046 Shares of Aberdeen Asia-Pacific Income Fund, Inc....

AdvisorNet Financial Inc Acquires 54,046 Shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX)

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AdvisorNet Financial Inc raised its holdings in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAXGet Rating) by 14.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 426,865 shares of the investment management company’s stock after buying an additional 54,046 shares during the quarter. AdvisorNet Financial Inc’s holdings in Aberdeen Asia-Pacific Income Fund were worth $1,443,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC bought a new stake in Aberdeen Asia-Pacific Income Fund in the 4th quarter valued at $34,000. Garrison Bradford & Associates Inc. bought a new stake in shares of Aberdeen Asia-Pacific Income Fund in the 1st quarter worth about $34,000. Golden State Wealth Management LLC bought a new stake in shares of Aberdeen Asia-Pacific Income Fund in the 4th quarter worth about $38,000. Moseley Investment Management Inc. bought a new stake in shares of Aberdeen Asia-Pacific Income Fund in the 4th quarter worth about $42,000. Finally, Walled Lake Planning & Wealth Management LLC bought a new stake in shares of Aberdeen Asia-Pacific Income Fund in the 4th quarter worth about $46,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

FAX opened at $2.89 on Monday. Aberdeen Asia-Pacific Income Fund, Inc. has a twelve month low of $2.85 and a twelve month high of $4.46.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 22nd will be issued a $0.0275 dividend. This represents a $0.33 annualized dividend and a dividend yield of 11.42%. The ex-dividend date is Tuesday, June 21st.

About Aberdeen Asia-Pacific Income Fund (Get Rating)

Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia 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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