PenderFund Capital Management Ltd. Acquires New Position in Aberdeen Asia-Pacific Income Fund, Inc. (FAX)

PenderFund Capital Management Ltd. acquired a new position in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the investment management company’s stock, valued at approximately $828,000. PenderFund Capital Management Ltd. owned about 0.08% of Aberdeen Asia-Pacific Income Fund at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Trust Department MB Financial Bank N A bought a new stake in shares of Aberdeen Asia-Pacific Income Fund during the second quarter valued at approximately $125,000. Citadel Advisors LLC grew 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 valued at $233,000 after purchasing an additional 33,374 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Aberdeen Asia-Pacific Income Fund during the second quarter valued at approximately $249,000. Baird Financial Group Inc. grew its stake in shares of Aberdeen Asia-Pacific Income Fund by 38.4% during the first quarter. Baird Financial Group Inc. now owns 55,649 shares of the investment management company’s stock valued at $264,000 after purchasing an additional 15,435 shares during the last quarter. Finally, Cahill Financial Advisors Inc. grew 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 valued at $592,000 after purchasing an additional 23,225 shares during the last quarter.

NYSEAMERICAN FAX traded down $0.05 during trading hours on Wednesday, hitting $4.01. The company’s stock had a trading volume of 5,733 shares, compared to its average volume of 705,446. Aberdeen Asia-Pacific Income Fund, Inc. has a twelve month low of $3.95 and a twelve month high of $5.18.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 2nd. Investors of record on Monday, September 24th were issued a $0.035 dividend. The ex-dividend date was Friday, September 21st. This represents a $0.42 annualized dividend and a yield of 10.47%.

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.

Recommended Story: Growth Stocks, What They Are, What They Are Not

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