Vident Investment Advisory buys $7 Million stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Vident Investment Advisory scooped up 739,492 additional shares in Aberdeen Asia-Pacific Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 23, 2016. The investment management firm now holds a total of 1,446,120 shares of Aberdeen Asia-Pacific Income Fund which is valued at $7 Million.Aberdeen Asia-Pacific Income Fund makes up approximately 0.49% of Vident Investment Advisory’s portfolio.

Other Hedge Funds, Including , Sheets Smith Wealth Management reduced its stake in FAX by selling 1,000 shares or 4.17% in the most recent quarter. The Hedge Fund company now holds 23,000 shares of FAX which is valued at $113,160. Aberdeen Asia-Pacific Income Fund makes up approx 0.03% of Sheets Smith Wealth Management’s portfolio.Thomas J. Herzfeld Advisors reduced its stake in FAX by selling 90,407 shares or 78.54% in the most recent quarter. The Hedge Fund company now holds 24,700 shares of FAX which is valued at $121,524. Aberdeen Asia-Pacific Income Fund makes up approx 0.06% of Thomas J. Herzfeld Advisors’s portfolio.Landscape Capital Management L.l.c. reduced its stake in FAX by selling 776,111 shares or 64.78% in the most recent quarter. The Hedge Fund company now holds 422,002 shares of FAX which is valued at $2.1 Million. Aberdeen Asia-Pacific Income Fund makes up approx 0.26% of Landscape Capital Management L.l.c.’s portfolio.

Aberdeen Asia-Pacific Income Fund opened for trading at $4.87 and hit $4.9 on the upside on Friday, eventually ending the session at $4.87, with a gain of 0.62% or 0.03 points. The heightened volatility saw the trading volume jump to 5,39,698 shares. Company has a market cap of $1,302 M.

Aberdeen Asia-Pacific Income Fund Inc. (the Fund) is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek current income. It may also achieve incidental capital appreciation. The Fund normally invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in Asian debt securities Australian debt securities and New Zealand debt securities. Asian Countries include Bangladesh China Hong Kong India Indonesia Japan Malaysia Pakistan the Philippines Singapore South Korea Taiwan Thailand Vietnam Sri Lanka Kazakhstan and Mongolia and such other countries on the Asian continent approved for investment by the investment manager of the Fund. Aberdeen Asset Management Asia Limited serves as investment manager to the Fund.

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