Merriman Wealth Management LLC Has $1.44 Million Position in Aberdeen Asia-Pacific Income Fund, Inc. (FAX)

Merriman Wealth Management LLC reduced its stake in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 347,394 shares of the investment management company’s stock after selling 28,632 shares during the quarter. Merriman Wealth Management LLC owned approximately 0.14% of Aberdeen Asia-Pacific Income Fund worth $1,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Department MB Financial Bank N A bought a new position in Aberdeen Asia-Pacific Income Fund in the 2nd quarter valued at $125,000. Private Advisor Group LLC grew its stake in Aberdeen Asia-Pacific Income Fund by 145.7% in the 3rd quarter. Private Advisor Group LLC now owns 32,187 shares of the investment management company’s stock valued at $133,000 after purchasing an additional 19,085 shares during the period. Synovus Financial Corp grew its stake in Aberdeen Asia-Pacific Income Fund by 51.5% in the 3rd quarter. Synovus Financial Corp now owns 53,884 shares of the investment management company’s stock valued at $224,000 after purchasing an additional 18,327 shares during the period. Citadel Advisors LLC grew its stake in Aberdeen Asia-Pacific Income Fund by 162.2% in the 2nd quarter. Citadel Advisors LLC now owns 53,946 shares of the investment management company’s stock valued at $233,000 after purchasing an additional 33,374 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in Aberdeen Asia-Pacific Income Fund in the 2nd quarter valued at $249,000.

In other news, Director Peter D. Sacks sold 6,500 shares of the stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $3.96, for a total transaction of $25,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FAX stock opened at $4.04 on Friday. Aberdeen Asia-Pacific Income Fund, Inc. has a fifty-two week low of $3.91 and a fifty-two week high of $5.03.

The company also recently declared a monthly dividend, which was paid on Monday, October 29th. Stockholders of record on Friday, October 19th were paid a dividend of $0.035 per share. The ex-dividend date was Thursday, October 18th. This represents a $0.42 annualized dividend and a dividend yield of 10.40%.

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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 Asset Management Asia Limited. It is co-managed by Aberdeen Asset Management 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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