Carnick & Kubik Group LLC Has $481,000 Stake in Aberdeen Asia-Pacific Income Fund, Inc. (FAX)

Carnick & Kubik Group LLC decreased its position in Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) by 36.3% during the second quarter, Holdings Channel reports. The fund owned 96,183 shares of the investment management company’s stock after selling 54,817 shares during the period. Carnick & Kubik Group LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $481,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of FAX. Mengis Capital Management Inc. boosted its stake in Aberdeen Asia-Pacific Income Fund by 4.5% in the second quarter. Mengis Capital Management Inc. now owns 158,750 shares of the investment management company’s stock valued at $793,000 after buying an additional 6,800 shares during the period. Nwam LLC boosted its stake in Aberdeen Asia-Pacific Income Fund by 16.5% in the second quarter. Nwam LLC now owns 186,602 shares of the investment management company’s stock valued at $933,000 after buying an additional 26,481 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Aberdeen Asia-Pacific Income Fund by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 663,052 shares of the investment management company’s stock valued at $3,315,000 after buying an additional 3,885 shares during the period.

Shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) opened at 5.08 on Thursday. The firm’s 50-day moving average price is $5.09 and its 200 day moving average price is $4.98. Aberdeen Asia-Pacific Income Fund, Inc. has a 1-year low of $4.56 and a 1-year high of $5.55.

The business also recently announced a monthly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 24th were issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date was Thursday, July 20th.

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About Aberdeen Asia-Pacific Income Fund

Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, the Fund invests approximately 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.

Want to see what other hedge funds are holding FAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX).

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

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