Do Institutional Investors Hate Asia Pacific Fund Inc (NYSE:APB)?

June 19, 2017 - By Stephen Andrade

 Do Institutional Investors Hate Asia Pacific Fund Inc (NYSE:APB)?

Sentiment for Asia Pacific Fund Inc (NYSE:APB)

Asia Pacific Fund Inc (NYSE:APB) institutional sentiment decreased to 0.6 in Q4 2016. Its down -0.80, from 1.4 in 2016Q3. The ratio dived, as 6 hedge funds started new or increased positions, while 10 cut down and sold their equity positions in Asia Pacific Fund Inc. The hedge funds in our partner’s database reported: 7.03 million shares, down from 7.04 million shares in 2016Q3. Also, the number of hedge funds holding Asia Pacific Fund Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 7 Increased: 4 New Position: 2.

The Asia Pacific Fund, Inc. is a diversified, closed-end, management investment company. The company has market cap of $131.17 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.

It closed at $12.59 lastly. It is down 33.00% since June 19, 2016 and is uptrending. It has outperformed by 16.30% the S&P500.

City Of London Investment Management Co Ltd holds 3.62% of its portfolio in The Asia Pacific Fund, Inc. for 4.65 million shares. Karpus Management Inc. owns 1.42 million shares or 0.79% of their US portfolio. Moreover, Gramercy Funds Management Llc has 0.4% invested in the company for 79,167 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.24% in the stock. Doliver Capital Advisors Inc., a Texas-based fund reported 10,078 shares.#img1#

Another recent and important The Asia Pacific Fund, Inc. (NYSE:APB) news was published by Globenewswire.com which published an article titled: “The Asia Pacific Fund, Inc. Files Its Annual Report” on June 05, 2017.

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