Aberdeen Asia-Pacific Income Fund, Inc. (FAX) Shares Sold by Terril Brothers Inc.

Terril Brothers Inc. trimmed its holdings in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 1.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,072,528 shares of the investment management company’s stock after selling 76,093 shares during the quarter. Aberdeen Asia-Pacific Income Fund comprises about 6.1% of Terril Brothers Inc.’s portfolio, making the stock its 7th biggest holding. Terril Brothers Inc.’s holdings in Aberdeen Asia-Pacific Income Fund were worth $19,783,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its stake in Aberdeen Asia-Pacific Income Fund by 52.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 74,461 shares of the investment management company’s stock valued at $372,000 after purchasing an additional 25,564 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Aberdeen Asia-Pacific Income Fund by 96.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 91,825 shares of the investment management company’s stock valued at $459,000 after purchasing an additional 45,065 shares in the last quarter. Royal Bank of Canada boosted its stake in Aberdeen Asia-Pacific Income Fund by 7.3% during the 2nd quarter. Royal Bank of Canada now owns 1,946,200 shares of the investment management company’s stock valued at $9,731,000 after purchasing an additional 131,952 shares in the last quarter. Advisory Services Network LLC boosted its stake in Aberdeen Asia-Pacific Income Fund by 8.3% during the 2nd quarter. Advisory Services Network LLC now owns 281,149 shares of the investment management company’s stock valued at $1,406,000 after purchasing an additional 21,536 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in Aberdeen Asia-Pacific Income Fund during the 3rd quarter valued at $371,000.

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN FAX) traded up $0.03 on Tuesday, hitting $4.99. The stock had a trading volume of 777,600 shares, compared to its average volume of 880,814. The company has a market cap of $1,250.00, a price-to-earnings ratio of 31.19 and a beta of 0.51. Aberdeen Asia-Pacific Income Fund, Inc. has a 1-year low of $4.76 and a 1-year high of $5.29.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Monday, January 22nd will be paid a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 8.42%. The ex-dividend date of this dividend is Friday, January 19th. Aberdeen Asia-Pacific Income Fund’s dividend payout ratio is presently 262.50%.

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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.

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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