City Of London Investment Management Co Ltd buys $47,619,920 stake in The Asia Pacific Fund (APB)

The Asia Pacific Fund (APB) : City Of London Investment Management Co Ltd scooped up 54,635 additional shares in The Asia Pacific Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 4,567,858 shares of The Asia Pacific Fund which is valued at $47,619,920.The Asia Pacific Fund makes up approximately 3.53% of City Of London Investment Management Co Ltd’s portfolio.

Other Hedge Funds, Including , Doliver Capital Advisors boosted its stake in APB in the latest quarter, The investment management firm added 353 additional shares and now holds a total of 13,402 shares of The Asia Pacific Fund which is valued at $139,716. The Asia Pacific Fund makes up approx 0.12% of Doliver Capital Advisors’s portfolio. Ipswich Investment Management sold out all of its stake in APB during the most recent quarter. The investment firm sold 200 shares of APB which is valued $2,030.

The Asia Pacific Fund opened for trading at $10.2 and hit $10.37 on the upside on Monday, eventually ending the session at $10.35, with a gain of 0.33% or 0.0336 points. The heightened volatility saw the trading volume jump to 7,280 shares. Company has a market cap of $107 M.

The Asia Pacific Fund Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to achieve long-term capital appreciation through investment of at least 80% of investable assets in equity securities of companies in the Asia Pacific countries. The Fund invests in sectors such as real estate -developers banking consumer discretionary industrials consumer staples telecommunication services semiconductors and semiconductor equipment utilities energy insurance real estate investment trusts capital markets information technology and materials. The Fund’s investment manager is Value Partners Hong Kong Limited.

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