Tortoise Investment Management LLC Has $1.53 Million Holdings in Aberdeen Asia-Pacific Income Fund, Inc. (FAX)

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Tortoise Investment Management LLC cut its holdings in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 66.4% in the 1st quarter, Holdings Channel reports. The fund owned 360,982 shares of the investment management company’s stock after selling 714,292 shares during the period. Tortoise Investment Management LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $1,527,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its holdings in Aberdeen Asia-Pacific Income Fund by 4.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 56,019 shares of the investment management company’s stock valued at $217,000 after acquiring an additional 2,520 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Aberdeen Asia-Pacific Income Fund by 8.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 79,884 shares of the investment management company’s stock valued at $338,000 after buying an additional 6,016 shares during the period. Nwam LLC grew its stake in shares of Aberdeen Asia-Pacific Income Fund by 3.8% during the 1st quarter. Nwam LLC now owns 189,490 shares of the investment management company’s stock valued at $802,000 after buying an additional 6,893 shares during the period. First Allied Advisory Services Inc. grew its stake in shares of Aberdeen Asia-Pacific Income Fund by 39.0% during the 1st quarter. First Allied Advisory Services Inc. now owns 26,007 shares of the investment management company’s stock valued at $107,000 after buying an additional 7,294 shares during the period. Finally, Stephens Inc. AR grew its stake in shares of Aberdeen Asia-Pacific Income Fund by 2.5% during the 1st quarter. Stephens Inc. AR now owns 315,358 shares of the investment management company’s stock valued at $1,334,000 after buying an additional 7,682 shares during the period.

In related news, VP Paul Lukaszewski acquired 7,800 shares of the stock in a transaction dated Tuesday, April 30th. The stock was bought at an average cost of $4.10 per share, with a total value of $31,980.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NYSEAMERICAN FAX remained flat at $$4.14 during trading on Friday. 9,862 shares of the stock traded hands, compared to its average volume of 912,415. Aberdeen Asia-Pacific Income Fund, Inc. has a one year low of $3.82 and a one year high of $4.53.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders 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 dividend yield of 7.97%.

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About Aberdeen Asia-Pacific Income Fund

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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Want to see what other hedge funds are holding FAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX).

Institutional Ownership by Quarter for Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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