Granite Investment Advisors LLC held its stake in Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) during the second quarter, Holdings Channel reports. The firm owned 22,245 shares of the investment management company’s stock at the end of the second quarter. Granite Investment Advisors LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $114,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FAX. Janney Montgomery Scott LLC increased its stake in Aberdeen Asia-Pacific Income Fund by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 663,052 shares of the investment management company’s stock worth $3,315,000 after buying an additional 3,885 shares during the period. Nwam LLC increased its stake in Aberdeen Asia-Pacific Income Fund by 16.5% in the second quarter. Nwam LLC now owns 186,602 shares of the investment management company’s stock worth $933,000 after buying an additional 26,481 shares during the period. Finally, Mengis Capital Management Inc. increased its stake in Aberdeen Asia-Pacific Income Fund by 4.5% in the second quarter. Mengis Capital Management Inc. now owns 158,750 shares of the investment management company’s stock worth $793,000 after buying an additional 6,800 shares during the period.

Shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) opened at 5.09 on Friday. Aberdeen Asia-Pacific Income Fund, Inc. has a 1-year low of $4.56 and a 1-year high of $5.55. The company’s 50 day moving average is $5.09 and its 200-day moving average is $4.98.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 21st will be issued a $0.035 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.42 dividend on an annualized basis and a yield of 8.25%.

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In other Aberdeen Asia-Pacific Income Fund news, major shareholder Voya Financial, Inc. acquired 24,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $24,000,000.00 per share, for a total transaction of $576,000,000,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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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