Cardan Capital Partners buys $116,594 stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Cardan Capital Partners scooped up 4,556 additional shares in Aberdeen Asia-Pacific Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 22,336 shares of Aberdeen Asia-Pacific Income Fund which is valued at $116,594.Aberdeen Asia-Pacific Income Fund makes up approximately 0.03% of Cardan Capital Partners’s portfolio.

Other Hedge Funds, Including , Wealthtrust Axiom reduced its stake in FAX by selling 6,465 shares or 2.61% in the most recent quarter. The Hedge Fund company now holds 240,782 shares of FAX which is valued at $1,256,882. Aberdeen Asia-Pacific Income Fund makes up approx 0.47% of Wealthtrust Axiom’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. Financial Architects Inc added FAX to its portfolio by purchasing 907 company shares during the most recent quarter which is valued at $4,735.Msi Financial Services Inc boosted its stake in FAX in the latest quarter, The investment management firm added 2,849 additional shares and now holds a total of 65,597 shares of Aberdeen Asia-Pacific Income Fund which is valued at $342,416. Aberdeen Asia-Pacific Income Fund makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Seabridge Investment Advisors boosted its stake in FAX in the latest quarter, The investment management firm added 195 additional shares and now holds a total of 292,525 shares of Aberdeen Asia-Pacific Income Fund which is valued at $1,526,981. Aberdeen Asia-Pacific Income Fund makes up approx 0.35% of Seabridge Investment Advisors’s portfolio.

Aberdeen Asia-Pacific Income Fund opened for trading at $5.25 and hit $5.28 on the upside on Friday, eventually ending the session at $5.24, with a gain of 0.19% or 0.01 points. The heightened volatility saw the trading volume jump to 9,74,566 shares. Company has a market cap of $1,334 M.

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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