Blue Bell Private Wealth Management Lowers stake in Aberdeen Australia Equity Fund Inc (IAF)

Aberdeen Australia Equity Fund Inc (IAF) : Blue Bell Private Wealth Management reduced its stake in Aberdeen Australia Equity Fund Inc by 59.29% during the most recent quarter end. The investment management company now holds a total of 2,300 shares of Aberdeen Australia Equity Fund Inc which is valued at $12,972 after selling 3,350 shares in Aberdeen Australia Equity Fund Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Aberdeen Australia Equity Fund Inc makes up approximately 0.01% of Blue Bell Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Creative Planning reduced its stake in IAF by selling 400 shares or 66.67% in the most recent quarter. The Hedge Fund company now holds 200 shares of IAF which is valued at $1,128.Trust Asset Management reduced its stake in IAF by selling 3,793 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 207,889 shares of IAF which is valued at $1,191,204. Aberdeen Australia Equity Fund Inc makes up approx 0.48% of Trust Asset Management’s portfolio.

Aberdeen Australia Equity Fund Inc. is a closed-end fund. The Fund’s principal investment objective is long-term capital appreciation through investment primarily in equity securities of Australian companies listed on the Australian Stock Exchange Limited. The Fund’s secondary investment objective is current income. The Fund’s market capitalization is $171.023 million. The Fund’s portfolio consists of financials materials consumer staples utilities consumer discretionary property trusts telecommunications and other sectors. The Fund’s manager is Aberdeen Asset Management Asia Limited.

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