Notable Ownership Action: Asia Pacific Fund Inc 2016 Q2 Institutional Investor Sentiment Better Than Expected

November 16, 2016 - By Darrin Black   ·   0 Comments

Notable Ownership Action: Asia Pacific Fund Inc  2016 Q2 Institutional Investor Sentiment  Better Than Expected

Sentiment for Asia Pacific Fund Inc (NYSE:APB)

Asia Pacific Fund Inc (NYSE:APB) institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.22, from 1.11 in 2016Q1. The ratio has increased, as 8 funds increased and opened new holdings, while 6 sold and decreased holdings in Asia Pacific Fund Inc. The funds in our partner’s database now possess: 7.04 million shares, up from 6.75 million shares in 2016Q1. Also, the number of funds holding Asia Pacific Fund Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 2 Reduced: 4 Increased: 6 New Position: 2.

The Asia Pacific Fund, Inc. is a diversified, closed-end, management investment company. The company has a market cap of $103.96 million. The Fund’s investment objective is to achieve long-term capital appreciation through investment of at least 80% of investable assets in equity securities of companies in the Asia Pacific countries. It currently has negative earnings. The Fund’s portfolio of investments includes banking, materials, consumer discretionary, real estate, industrials, insurance, utilities, consumer staples, semiconductors and semiconductor equipment, telecommunication services, real estate investment trusts and information technology.

About 1,729 shares traded hands. The Asia Pacific Fund, Inc. (NYSE:APB) has risen 1.93% since April 14, 2016 and is uptrending. It has underperformed by 2.75% the S&P500.

City Of London Investment Management Co Ltd holds 3.55% of its portfolio in The Asia Pacific Fund, Inc. for 4.57 million shares. Karpus Management Inc. owns 1.33 million shares or 0.66% of their US portfolio. Moreover, Gramercy Funds Management Llc has 0.27% invested in the company for 64,890 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.24% in the stock. Doliver Capital Advisors Inc., a Texas-based fund reported 13,402 shares.#img1#

APB Company Profile

The Asia Pacific Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to achieve long-term capital appreciation through investment of at least 80% of investable assets in equity securities of companies in the Asia Pacific countries.

Another recent and important The Asia Pacific Fund, Inc. (NYSE:APB) news was published by Nasdaq.com which published an article titled: “Aberdeen Asia-Pacific Income Fund Inc (FAX) Ex-Dividend Date Scheduled for …” on November 15, 2016.

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By Darrin Black


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