Tortoise Investment Management LLC raised its holdings in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 10.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,079,829 shares of the investment management company’s stock after purchasing an additional 103,616 shares during the period. Aberdeen Asia-Pacific Income Fund accounts for 1.2% of Tortoise Investment Management LLC’s portfolio, making the stock its 22nd largest position. Tortoise Investment Management LLC owned approximately 0.43% of Aberdeen Asia-Pacific Income Fund worth $4,470,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC increased its position in shares of Aberdeen Asia-Pacific Income Fund by 145.7% during the third quarter. Private Advisor Group LLC now owns 32,187 shares of the investment management company’s stock valued at $133,000 after acquiring an additional 19,085 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Aberdeen Asia-Pacific Income Fund in the third quarter worth approximately $183,000. Synovus Financial Corp boosted its holdings in Aberdeen Asia-Pacific Income Fund by 51.5% in the third quarter. Synovus Financial Corp now owns 53,884 shares of the investment management company’s stock worth $224,000 after purchasing an additional 18,327 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Aberdeen Asia-Pacific Income Fund by 162.2% in the second quarter. Citadel Advisors LLC now owns 53,946 shares of the investment management company’s stock worth $233,000 after purchasing an additional 33,374 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in Aberdeen Asia-Pacific Income Fund in the second quarter worth approximately $249,000.
In other news, Director Peter D. Sacks sold 6,500 shares of Aberdeen Asia-Pacific Income Fund stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $3.96, for a total transaction of $25,740.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
The firm also recently declared a monthly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 10.69%. The ex-dividend date is Friday, December 28th.
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Aberdeen Asia-Pacific Income Fund Profile
Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Asset Management Asia Limited. It is co-managed by Aberdeen Asset Management Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.
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