Penbrook Management Lowers stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Penbrook Management reduced its stake in Aberdeen Asia-Pacific Income Fund by 15.83% during the most recent quarter end. The investment management company now holds a total of 31,900 shares of Aberdeen Asia-Pacific Income Fund which is valued at $160,457 after selling 6,000 shares in Aberdeen Asia-Pacific Income Fund , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Aberdeen Asia-Pacific Income Fund makes up approximately 0.17% of Penbrook Management’s portfolio.

Aberdeen Asia-Pacific Income Fund (FAX) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.04 and reached the intraday high at $5.06. The bulls started the profit booking and pushed the shares to intraday low of $5.03. The trading session was marked by a volume range of 9,86,314 shares exchanging hands. The 52-week high of the shares is $5.59 and the 52-week low is $4.225. The market cap of the company stands at $1,350 M and there are 26,74,07,930 shares in public circulation.

Other Hedge Funds, Including , Advisory Services Network added FAX to its portfolio by purchasing 650 company shares during the most recent quarter which is valued at $3,270. Round Table Services sold out all of its stake in FAX during the most recent quarter. The investment firm sold 22,000 shares of FAX which is valued $110,440. Integrated Investment Consultants added FAX to its portfolio by purchasing 100,000 company shares during the most recent quarter which is valued at $502,000. Aberdeen Asia-Pacific Income Fund makes up approx 0.28% of Integrated Investment Consultants’s portfolio. Financial Investment Management Group Ltd added FAX to its portfolio by purchasing 21,448 company shares during the most recent quarter which is valued at $107,669. Aberdeen Asia-Pacific Income Fund makes up approx 0.03% of Financial Investment Management Group Ltd’s portfolio.

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.

Leave a Reply

Aberdeen Asia-Pacific Income Fund - Is it time to Sell?

Top Brokerage Firms are advising their investors on Aberdeen Asia-Pacific Income Fund. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.