Cedar Hill Associates LLC lessened its holdings in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,850 shares of the investment management company’s stock after selling 17,675 shares during the quarter. Cedar Hill Associates LLC owned approximately 0.06% of Aberdeen Asia-Pacific Income Fund worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Synovus Financial Corp boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 1.8% during the 2nd quarter. Synovus Financial Corp now owns 34,764 shares of the investment management company’s stock worth $173,000 after acquiring an additional 612 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 4.4% during the 2nd quarter. Brookstone Capital Management now owns 23,750 shares of the investment management company’s stock worth $119,000 after acquiring an additional 1,000 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 5.3% during the 2nd quarter. BB&T Securities LLC now owns 39,837 shares of the investment management company’s stock worth $199,000 after acquiring an additional 2,000 shares during the last quarter. Benchmark Capital Advisors boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 7.7% during the 2nd quarter. Benchmark Capital Advisors now owns 33,500 shares of the investment management company’s stock worth $167,000 after acquiring an additional 2,400 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 13.7% during the 2nd quarter. MML Investors Services LLC now owns 30,359 shares of the investment management company’s stock worth $152,000 after acquiring an additional 3,661 shares during the last quarter.

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Shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSE FAX) remained flat at $5.17 on Friday. The company’s stock had a trading volume of 364,436 shares. Aberdeen Asia-Pacific Income Fund, Inc. has a one year low of $4.56 and a one year high of $5.29. The stock’s 50 day moving average is $5.16 and its 200 day moving average is $5.04.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 22nd will be paid a $0.035 dividend. The ex-dividend date is Thursday, September 21st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.12%.

In other Aberdeen Asia-Pacific Income Fund news, major shareholder Voya Financial, Inc. acquired 24,000,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $24,000,000.00 per share, for a total transaction of $576,000,000,000,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

About Aberdeen Asia-Pacific Income Fund

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.

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

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