Raymond James Financial Services Advisors Inc. Has $577,000 Position in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 166.8% in the 1st quarter, HoldingsChannel reports. The fund owned 136,372 shares of the investment management company’s stock after buying an additional 85,259 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Aberdeen Asia-Pacific Income Fund were worth $577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in FAX. Private Ocean LLC bought a new stake in Aberdeen Asia-Pacific Income Fund in the 1st quarter worth approximately $39,000. Van Hulzen Asset Management LLC bought a new stake in Aberdeen Asia-Pacific Income Fund in the 1st quarter worth approximately $42,000. Stratos Wealth Partners LTD. bought a new stake in Aberdeen Asia-Pacific Income Fund in the 4th quarter worth approximately $46,000. Surevest Inc. bought a new stake in Aberdeen Asia-Pacific Income Fund in the 4th quarter worth approximately $63,000. Finally, Capstone Financial Advisors Inc. bought a new stake in Aberdeen Asia-Pacific Income Fund in the 4th quarter worth approximately $74,000.

NYSEAMERICAN:FAX opened at $4.10 on Friday. Aberdeen Asia-Pacific Income Fund, Inc. has a 12 month low of $3.82 and a 12 month high of $4.46.

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be given a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date is Thursday, June 20th.

In related news, VP Paul Lukaszewski bought 7,800 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was acquired at an average price of $4.10 per share, with a total value of $31,980.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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About Aberdeen Asia-Pacific Income Fund

Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

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Want to see what other hedge funds are holding FAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX).

Institutional Ownership by Quarter for Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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