CWA Asset Management Group LLC reduced its stake in Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) by 2.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 73,010 shares of the investment management company’s stock after selling 1,500 shares during the quarter. CWA Asset Management Group LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $365,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Synovus Financial Corp boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 1.8% in the 2nd quarter. Synovus Financial Corp now owns 34,764 shares of the investment management company’s stock worth $173,000 after buying an additional 612 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 21.7% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 64,507 shares of the investment management company’s stock worth $323,000 after buying an additional 11,507 shares during the last quarter. Benchmark Capital Advisors boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 7.7% in the 2nd quarter. Benchmark Capital Advisors now owns 33,500 shares of the investment management company’s stock worth $167,000 after buying an additional 2,400 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Aberdeen Asia-Pacific Income Fund by 1,440.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 20,105 shares of the investment management company’s stock valued at $101,000 after purchasing an additional 18,800 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Aberdeen Asia-Pacific Income Fund during the second quarter valued at about $397,000.

In related news, major shareholder Voya Financial, Inc. acquired 24,000,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $24,000,000.00 per share, with a total value of $576,000,000,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Aberdeen Asia-Pacific Income Fund, Inc. (NYSE FAX) remained flat at $5.17 during midday trading on Wednesday. 102,852 shares of the stock were exchanged. Aberdeen Asia-Pacific Income Fund, Inc. has a one year low of $4.56 and a one year high of $5.29. The company has a 50 day moving average price of $5.15 and a 200 day moving average price of $5.03.

The company also recently declared a monthly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 21st were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.12%.

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Aberdeen Asia-Pacific Income Fund Company Profile

Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, the Fund invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in Asian debt securities, Australian debt securities and New Zealand debt securities.

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

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