Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Hits New 52-Week Low at $3.78

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) hit a new 52-week low on Friday . The company traded as low as $3.78 and last traded at $3.79, with a volume of 28819 shares. The stock had previously closed at $3.83.

The firm also recently announced a dividend, which will be paid on Monday, January 31st. Stockholders of record on Monday, January 24th will be paid a $0.0275 dividend. The ex-dividend date is Friday, January 21st. This represents a dividend yield of 8.62%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 4.7% in the 2nd quarter. Private Advisor Group LLC now owns 91,804 shares of the investment management company’s stock worth $406,000 after buying an additional 4,144 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Aberdeen Asia-Pacific Income Fund by 31.0% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,850 shares of the investment management company’s stock valued at $74,000 after purchasing an additional 4,220 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in Aberdeen Asia-Pacific Income Fund by 1.6% in the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 283,495 shares of the investment management company’s stock valued at $1,177,000 after purchasing an additional 4,367 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Aberdeen Asia-Pacific Income Fund by 7.3% in the second quarter. Moors & Cabot Inc. now owns 74,140 shares of the investment management company’s stock valued at $328,000 after purchasing an additional 5,040 shares during the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in Aberdeen Asia-Pacific Income Fund in the second quarter valued at approximately $1,170,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

About Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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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