Bank of America Corp DE Trims Position in Aberdeen Asia-Pacific Income Fund, Inc. (FAX)

Bank of America Corp DE decreased its stake in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 11.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 511,033 shares of the investment management company’s stock after selling 63,639 shares during the period. Bank of America Corp DE’s holdings in Aberdeen Asia-Pacific Income Fund were worth $2,208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Trust Department MB Financial Bank N A acquired a new position in Aberdeen Asia-Pacific Income Fund during the 2nd quarter valued at about $125,000. Citadel Advisors LLC lifted its position in Aberdeen Asia-Pacific Income Fund by 162.2% during the 2nd 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 period. Wolverine Asset Management LLC acquired a new position in Aberdeen Asia-Pacific Income Fund during the 2nd quarter valued at about $249,000. Financial & Investment Management Group Ltd. acquired a new position in Aberdeen Asia-Pacific Income Fund during the 2nd quarter valued at about $689,000. Finally, Wells Fargo & Company MN lifted its position in Aberdeen Asia-Pacific Income Fund by 5.3% during the 2nd quarter. Wells Fargo & Company MN now owns 4,685,171 shares of the investment management company’s stock valued at $20,241,000 after purchasing an additional 236,580 shares during the period.

Aberdeen Asia-Pacific Income Fund stock opened at $4.04 on Friday. Aberdeen Asia-Pacific Income Fund, Inc. has a 1 year low of $3.91 and a 1 year high of $5.03.

The firm also recently announced a monthly dividend, which was paid on Monday, October 29th. Shareholders of record on Friday, October 19th were given a dividend of $0.035 per share. The ex-dividend date was Thursday, October 18th. This represents a $0.42 dividend on an annualized basis and a yield of 10.40%.

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

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About Aberdeen Asia-Pacific Income Fund

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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