Charles Schwab Investment Advisory adds Aberdeen Asia-Pacific Income Fund (FAX) to its portfolio

Aberdeen Asia-Pacific Income Fund (FAX) : Charles Schwab Investment Advisory added new position in Aberdeen Asia-Pacific Income Fund during the most recent quarter end. The investment management firm now holds 40,000 shares of Aberdeen Asia-Pacific Income Fund which is valued at $186,800 , the company said in a statement filed on Nov 14, 2016 with the SEC.

Other Hedge Funds, Including , Rivernorth Capital Management reduced its stake in FAX by selling 1,179,254 shares or 38.13% in the most recent quarter. The Hedge Fund company now holds 1,913,505 shares of FAX which is valued at $8,936,068. Aberdeen Asia-Pacific Income Fund makes up approx 0.69% of Rivernorth Capital Management’s portfolio.United Asset Strategies boosted its stake in FAX in the latest quarter, The investment management firm added 181 additional shares and now holds a total of 50,296 shares of Aberdeen Asia-Pacific Income Fund which is valued at $247,456. Aberdeen Asia-Pacific Income Fund makes up approx 0.09% of United Asset Strategies’s portfolio.Doliver Capital Advisors boosted its stake in FAX in the latest quarter, The investment management firm added 317,662 additional shares and now holds a total of 340,562 shares of Aberdeen Asia-Pacific Income Fund which is valued at $1,672,159. Aberdeen Asia-Pacific Income Fund makes up approx 1.48% of Doliver Capital Advisors’s portfolio.

Aberdeen Asia-Pacific Income Fund (FAX) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $4.73 and reached the intraday high at $4.76. The bulls started the profit booking and pushed the shares to intraday low of $4.71. The trading session was marked by a volume range of 5,30,845 shares exchanging hands. The 52-week high of the shares is $5.55 and the 52-week low is $4.225. The market cap of the company stands at $1,204 M and there are 25,46,32,250 shares in public circulation.

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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