Walled Lake Planning & Wealth Management LLC Takes $46,000 Position in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX)

Walled Lake Planning & Wealth Management LLC bought a new stake in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAXGet Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,100 shares of the investment management company’s stock, valued at approximately $46,000.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC acquired a new stake in shares of Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at about $34,000. Moseley Investment Management Inc. acquired a new position in Aberdeen Asia-Pacific Income Fund in the fourth quarter worth about $42,000. Spectrum Asset Management Inc. NB CA acquired a new position in Aberdeen Asia-Pacific Income Fund in the third quarter worth about $47,000. Soltis Investment Advisors LLC acquired a new position in Aberdeen Asia-Pacific Income Fund in the fourth quarter worth about $47,000. Finally, Wealth Management Solutions LLC acquired a new position in Aberdeen Asia-Pacific Income Fund in the fourth quarter valued at approximately $48,000. Institutional investors own 20.38% of the company’s stock.

FAX stock traded up $0.01 during midday trading on Friday, reaching $3.00. The company had a trading volume of 724,919 shares, compared to its average volume of 752,799. Aberdeen Asia-Pacific Income Fund, Inc. has a fifty-two week low of $2.96 and a fifty-two week high of $4.46.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, May 20th will be paid a $0.0275 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $0.33 dividend on an annualized basis and a yield of 11.00%.

About Aberdeen Asia-Pacific Income Fund (Get Rating)

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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