Walled Lake Planning & Wealth Management LLC Makes New $46,000 Investment in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX)

Walled Lake Planning & Wealth Management LLC bought a new position in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX – Get Rating) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 12,100 shares of the investment management company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Aberdeen Asia-Pacific Income Fund in the 4th quarter worth approximately $12,495,000. Shaker Financial Services LLC grew its holdings in shares of Aberdeen Asia-Pacific Income Fund by 180.9% in the 4th quarter. Shaker Financial Services LLC now owns 1,114,168 shares of the investment management company’s stock worth $4,256,000 after acquiring an additional 717,580 shares during the period. LPL Financial LLC grew its holdings in shares of Aberdeen Asia-Pacific Income Fund by 29.2% in the 3rd quarter. LPL Financial LLC now owns 2,486,807 shares of the investment management company’s stock worth $10,320,000 after acquiring an additional 562,418 shares during the period. Arbor Capital Management Inc. ADV acquired a new stake in shares of Aberdeen Asia-Pacific Income Fund in the 4th quarter worth approximately $1,079,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of Aberdeen Asia-Pacific Income Fund in the 4th quarter worth approximately $869,000. Institutional investors own 20.38% of the company’s stock.

FAX stock traded up $0.01 on Friday, reaching $3.00. The company had a trading volume of 724,919 shares, compared to its average volume of 752,799. Aberdeen Asia-Pacific Income Fund, Inc. has a 1 year low of $2.96 and a 1 year high of $4.46.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 20th will be paid a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date is Thursday, May 19th.

About Aberdeen Asia-Pacific Income Fund (Get Rating)

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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