Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX) Sets New 12-Month Low at $2.93

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAXGet Rating)’s stock price reached a new 52-week low on Thursday . The company traded as low as $2.93 and last traded at $2.93, with a volume of 3796 shares. The stock had previously closed at $2.97.

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 22nd will be given a $0.0275 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 11.34%. The ex-dividend date is Tuesday, June 21st.

Several hedge funds and other institutional investors have recently modified their holdings of FAX. Invesco Ltd. grew its holdings in shares of Aberdeen Asia-Pacific Income Fund by 3.2% in the third quarter. Invesco Ltd. now owns 3,887,421 shares of the investment management company’s stock valued at $16,133,000 after purchasing an additional 119,191 shares during the period. Walled Lake Planning & Wealth Management LLC purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter worth about $46,000. Soltis Investment Advisors LLC purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter worth about $47,000. LPL Financial LLC boosted its stake in Aberdeen Asia-Pacific Income Fund by 16.7% during the fourth quarter. LPL Financial LLC now owns 2,901,296 shares of the investment management company’s stock worth $11,083,000 after buying an additional 414,489 shares during the period. Finally, Segantii Capital Management Ltd purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter worth about $558,000. Institutional investors and hedge funds own 20.38% of the company’s stock.

About Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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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