Shaker Financial Services LLC Has $444,000 Stake in Aberdeen Asia-Pacific Income Fund, Inc. (FAX)

Shaker Financial Services LLC lifted its position in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 15.7% during the 1st quarter, HoldingsChannel reports. The fund owned 104,972 shares of the investment management company’s stock after buying an additional 14,251 shares during the quarter. Shaker Financial Services LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $444,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at approximately $168,000. Dfpg Investments Inc. purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at approximately $82,000. OTA Financial Group L.P. purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at approximately $682,000. Sheaff Brock Investment Advisors LLC purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at approximately $181,000. Finally, Financial & Investment Management Group Ltd. grew its position in Aberdeen Asia-Pacific Income Fund by 189.0% during the fourth quarter. Financial & Investment Management Group Ltd. now owns 476,377 shares of the investment management company’s stock valued at $1,844,000 after purchasing an additional 311,545 shares in the last quarter.

FAX traded down $0.01 on Thursday, reaching $4.14. 1,075 shares of the company traded hands, compared to its average volume of 916,418. Aberdeen Asia-Pacific Income Fund, Inc. has a 52-week low of $3.82 and a 52-week high of $4.53.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd will be given a $0.0275 dividend. This represents a $0.33 annualized dividend and a yield of 7.97%. The ex-dividend date of this dividend is Tuesday, May 21st.

In other Aberdeen Asia-Pacific Income Fund news, VP Paul Lukaszewski bought 7,800 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of $4.10 per share, with a total value of $31,980.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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Aberdeen Asia-Pacific Income Fund Company Profile

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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