Oxbow Advisors buys $29,670,532 stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Oxbow Advisors scooped up 222,734 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 2, 2016. The investment management firm now holds a total of 6,030,596 shares of Aberdeen Asia-Pacific Income Fund which is valued at $29,670,532.Aberdeen Asia-Pacific Income Fund makes up approximately 4.10% of Oxbow Advisors’s portfolio.

Aberdeen Asia-Pacific Income Fund opened for trading at $4.9 and hit $4.96 on the upside on Friday, eventually ending the session at $4.92, with a gain of 0.41% or 0.02 points. The heightened volatility saw the trading volume jump to 4,80,860 shares. Company has a market cap of $1,316 M.

Other Hedge Funds, Including , Baltimore-washington Financial Advisors sold out all of its stake in FAX during the most recent quarter. The investment firm sold 81,090 shares of FAX which is valued $398,963.Newgate Capital Management reduced its stake in FAX by selling 47,532 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 1,485,804 shares of FAX which is valued at $7,488,452. Aberdeen Asia-Pacific Income Fund makes up approx 6.56% of Newgate Capital Management’s portfolio.Wealthtrust Axiom reduced its stake in FAX by selling 16,259 shares or 6.17% in the most recent quarter. The Hedge Fund company now holds 247,247 shares of FAX which is valued at $1,246,125. Aberdeen Asia-Pacific Income Fund makes up approx 0.48% of Wealthtrust Axiom’s portfolio.Huntington National Bank reduced its stake in FAX by selling 58,676 shares or 59.06% in the most recent quarter. The Hedge Fund company now holds 40,682 shares of FAX which is valued at $205,037. Aberdeen Asia-Pacific Income Fund makes up approx 0.01% of Huntington National Bank’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.

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