Family Firm Inc. lowered its holdings in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,008 shares of the investment management company’s stock after selling 4,847 shares during the period. Family Firm Inc.’s holdings in Aberdeen Asia-Pacific Income Fund were worth $1,223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FAX. Private Ocean LLC bought a new stake in shares of Aberdeen Asia-Pacific Income Fund in the first quarter valued at approximately $39,000. Van Hulzen Asset Management LLC purchased a new position in Aberdeen Asia-Pacific Income Fund during the first quarter valued at approximately $42,000. Stratos Wealth Partners LTD. purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at approximately $46,000. Old Port Advisors purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at approximately $47,000. Finally, Allred Capital Management LLC purchased a new position in Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at approximately $49,000.

In other news, VP Paul Lukaszewski acquired 7,800 shares of Aberdeen Asia-Pacific Income Fund stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average price of $4.10 per share, with a total value of $31,980.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NYSEAMERICAN:FAX remained flat at $$4.14 during mid-day trading on Wednesday. 3,044 shares of the company traded hands, compared to its average volume of 921,043. Aberdeen Asia-Pacific Income Fund, Inc. has a 12 month low of $3.82 and a 12 month high of $4.53.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.0275 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.33 annualized dividend and a yield of 7.97%.

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Aberdeen Asia-Pacific Income Fund 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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