Bulldog Investors LLC boosted its stake in shares of Aberdeen Singapore Fund Inc (NYSE:SGF) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,796 shares of the financial services provider’s stock after buying an additional 12,233 shares during the quarter. Aberdeen Singapore Fund makes up 1.3% of Bulldog Investors LLC’s portfolio, making the stock its 24th largest position. Bulldog Investors LLC owned 5.35% of Aberdeen Singapore Fund worth $4,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. City of London Investment Management Co. Ltd. grew its position in shares of Aberdeen Singapore Fund by 128.2% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 365,189 shares of the financial services provider’s stock worth $4,534,000 after buying an additional 205,189 shares during the last quarter. Wells Fargo & Company MN grew its position in Aberdeen Singapore Fund by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 134,874 shares of the financial services provider’s stock worth $1,676,000 after purchasing an additional 19,928 shares during the last quarter. Finally, Icon Advisers Inc. Co. purchased a new stake in Aberdeen Singapore Fund during the 4th quarter worth approximately $697,000. Institutional investors own 54.54% of the company’s stock.
Shares of Aberdeen Singapore Fund Inc (NYSE SGF) traded down $0.01 during midday trading on Wednesday, reaching $13.43. 2,506 shares of the company’s stock traded hands, compared to its average volume of 25,224. Aberdeen Singapore Fund Inc has a twelve month low of $10.31 and a twelve month high of $13.67.
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Aberdeen Singapore Fund, Inc (the Fund) is a closed-end, non-diversified management investment company. The Fund’s investment objective is capital appreciation, which it seeks through investment primarily in Singapore equity securities. The Fund also invests in equity securities issued by companies in the Association of Southeast Asian Nations (the ASEAN Group) countries.
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