Vident Investment Advisory Lowers stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Vident Investment Advisory reduced its stake in Aberdeen Asia-Pacific Income Fund by 43.75% during the most recent quarter end. The investment management company now holds a total of 813,442 shares of Aberdeen Asia-Pacific Income Fund which is valued at $4,303,108 after selling 632,678 shares in Aberdeen Asia-Pacific Income Fund , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Aberdeen Asia-Pacific Income Fund makes up approximately 0.57% of Vident Investment Advisory’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in FAX in the latest quarter, The investment management firm added 2,343 additional shares and now holds a total of 59,754 shares of Aberdeen Asia-Pacific Income Fund which is valued at $315,202. Aberdeen Asia-Pacific Income Fund makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.Huntington National Bank boosted its stake in FAX in the latest quarter, The investment management firm added 357,652 additional shares and now holds a total of 398,334 shares of Aberdeen Asia-Pacific Income Fund which is valued at $2,079,303. Aberdeen Asia-Pacific Income Fund makes up approx 0.05% of Huntington National Bank’s portfolio.Granite Investment Advisors reduced its stake in FAX by selling 39,980 shares or 5.41% in the most recent quarter. The Hedge Fund company now holds 698,545 shares of FAX which is valued at $3,646,405. Aberdeen Asia-Pacific Income Fund makes up approx 0.72% of Granite Investment Advisors’s portfolio.

Aberdeen Asia-Pacific Income Fund closed down -0.01 points or -0.19% at $5.28 with 4,37,908 shares getting traded on Monday. Post opening the session at $5.29, the shares hit an intraday low of $5.28 and an intraday high of $5.32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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