Coastal Investment Advisors Inc. Makes New Investment in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX)

Coastal Investment Advisors Inc. acquired a new position in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,944 shares of the investment management company’s stock, valued at approximately $34,000.

Other hedge funds have also recently made changes to their positions in the company. HM Payson & Co. acquired a new position in shares of Aberdeen Asia-Pacific Income Fund in the 2nd quarter worth approximately $33,000. Integrated Capital Management Inc. acquired a new position in shares of Aberdeen Asia-Pacific Income Fund in the 2nd quarter worth approximately $50,000. First Foundation Advisors acquired a new position in shares of Aberdeen Asia-Pacific Income Fund in the 2nd quarter worth approximately $101,000. D.A. Davidson & CO. raised its holdings in shares of Aberdeen Asia-Pacific Income Fund by 16.4% in the 2nd quarter. D.A. Davidson & CO. now owns 26,050 shares of the investment management company’s stock worth $109,000 after buying an additional 3,675 shares in the last quarter. Finally, First Allied Advisory Services Inc. raised its holdings in shares of Aberdeen Asia-Pacific Income Fund by 24.8% in the 2nd quarter. First Allied Advisory Services Inc. now owns 32,465 shares of the investment management company’s stock worth $136,000 after buying an additional 6,458 shares in the last quarter.

FAX stock opened at $4.24 on Friday. Aberdeen Asia-Pacific Income Fund, Inc. has a fifty-two week low of $3.82 and a fifty-two week high of $4.31.

The firm also recently declared a — dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.0275 per share. The ex-dividend date was Friday, September 20th. This represents a yield of 7.9%.

Aberdeen Asia-Pacific Income Fund Company Profile

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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Institutional Ownership by Quarter for Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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