Garner Asset Management Corp purchased a new position in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 227,010 shares of the investment management company’s stock, valued at approximately $1,135,000. Aberdeen Asia-Pacific Income Fund makes up approximately 1.1% of Garner Asset Management Corp’s holdings, making the stock its 24th biggest holding.

A number of other institutional investors also recently made changes to their positions in FAX. Bronfman E.L. Rothschild L.P. grew 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 worth $101,000 after buying an additional 18,800 shares in the last quarter. Brookstone Capital Management grew its holdings in Aberdeen Asia-Pacific Income Fund by 4.4% during the second quarter. Brookstone Capital Management now owns 23,750 shares of the investment management company’s stock worth $119,000 after buying an additional 1,000 shares in the last quarter. MML Investors Services LLC grew its holdings in Aberdeen Asia-Pacific Income Fund by 13.7% during the second quarter. MML Investors Services LLC now owns 30,359 shares of the investment management company’s stock worth $152,000 after buying an additional 3,661 shares in the last quarter. Benchmark Capital Advisors grew its holdings in Aberdeen Asia-Pacific Income Fund by 7.7% during the second 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 in the last quarter. Finally, Synovus Financial Corp grew its holdings in Aberdeen Asia-Pacific Income Fund by 1.8% during the second 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 in the last quarter.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/garner-asset-management-corp-purchases-shares-of-227010-aberdeen-asia-pacific-income-fund-inc-fax/1599146.html.

In other news, major shareholder Voya Financial, Inc. bought 24,000,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $24,000,000.00 per share, for a total transaction of $576,000,000,000,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) traded up 0.19% during midday trading on Friday, reaching $5.16. The company had a trading volume of 587,556 shares. The company has a 50-day moving average price of $5.16 and a 200 day moving average price of $5.04. Aberdeen Asia-Pacific Income Fund, Inc. has a one year low of $4.56 and a one year high of $5.29.

The company also recently announced a monthly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 22nd were paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.14%. The ex-dividend date of this dividend was Thursday, September 21st.

Aberdeen Asia-Pacific Income Fund 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)

Receive News & Ratings for Aberdeen Asia-Pacific Income Fund Inc. 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 Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.