Planning Alternatives Ltd Adv adds Aberdeen Asia-Pacific Income Fund (FAX) to its portfolio

Aberdeen Asia-Pacific Income Fund (FAX) : Planning Alternatives Ltd Adv added new position in Aberdeen Asia-Pacific Income Fund during the most recent quarter end. The investment management firm now holds 10,959 shares of Aberdeen Asia-Pacific Income Fund which is valued at $57,096 , the company said in a statement filed on Aug 2, 2016 with the SEC.Aberdeen Asia-Pacific Income Fund makes up approximately 0.01% of Planning Alternatives Ltd Adv’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in FAX in the latest quarter, The investment management firm added 56,812 additional shares and now holds a total of 57,462 shares of Aberdeen Asia-Pacific Income Fund which is valued at $299,952. Aberdeen Asia-Pacific Income Fund makes up approx 0.07% of Advisory Services Network’s portfolio. Sigma Planning Corp sold out all of its stake in FAX during the most recent quarter. The investment firm sold 18,769 shares of FAX which is valued $97,974. Merriman Wealth Management added FAX to its portfolio by purchasing 529,277 company shares during the most recent quarter which is valued at $2,720,484. Aberdeen Asia-Pacific Income Fund makes up approx 0.76% of Merriman Wealth Management’s portfolio.

Aberdeen Asia-Pacific Income Fund opened for trading at $5.25 and hit $5.27 on the upside on Monday, eventually ending the session at $5.25, with a gain of 0.38% or 0.02 points. The heightened volatility saw the trading volume jump to 7,58,792 shares. Company has a market cap of $1,337 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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