McGowan Group Asset Management Inc. Has $45.11 Million Holdings in Aberdeen Asia-Pacific Income Fund, Inc. (FAX)

McGowan Group Asset Management Inc. grew its position in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,895,422 shares of the investment management company’s stock after buying an additional 30,905 shares during the period. Aberdeen Asia-Pacific Income Fund accounts for approximately 7.5% of McGowan Group Asset Management Inc.’s investment portfolio, making the stock its 2nd largest position. McGowan Group Asset Management Inc. owned 4.32% of Aberdeen Asia-Pacific Income Fund worth $45,107,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FAX. Oxbow Advisors LLC purchased a new stake in shares of Aberdeen Asia-Pacific Income Fund in the 2nd quarter valued at approximately $20,580,000. Penn Mutual Asset Management LLC purchased a new position in shares of Aberdeen Asia-Pacific Income Fund during the 3rd quarter worth approximately $11,530,000. Stephens Inc. AR purchased a new position in shares of Aberdeen Asia-Pacific Income Fund during the 2nd quarter worth approximately $1,520,000. Shaker Financial Services LLC boosted its position in shares of Aberdeen Asia-Pacific Income Fund by 116.2% during the 2nd quarter. Shaker Financial Services LLC now owns 605,933 shares of the investment management company’s stock worth $2,618,000 after purchasing an additional 325,638 shares during the period. Finally, 6 Meridian purchased a new position in shares of Aberdeen Asia-Pacific Income Fund during the 2nd quarter worth approximately $1,304,000.

NYSEAMERICAN:FAX opened at $4.01 on Monday. Aberdeen Asia-Pacific Income Fund, Inc. has a fifty-two week low of $3.91 and a fifty-two week high of $5.03.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 28th. Investors of record on Monday, November 19th were issued a $0.035 dividend. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 10.47%.

In related news, Director Peter D. Sacks sold 6,500 shares of the stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $3.96, for a total value of $25,740.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2018/12/03/mcgowan-group-asset-management-inc-has-45-11-million-holdings-in-aberdeen-asia-pacific-income-fund-inc-fax.html.

Aberdeen Asia-Pacific Income Fund Company 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.

Read More: Moving Average – How it Helps Investors in Stock Selection

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)

Receive News & Ratings for Aberdeen Asia-Pacific Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asia-Pacific Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit