Terril Brothers Inc. reduced its stake in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,647,084 shares of the investment management company’s stock after selling 106,650 shares during the quarter. Aberdeen Asia-Pacific Income Fund comprises approximately 5.1% of Terril Brothers Inc.’s holdings, making the stock its 10th largest position. Terril Brothers Inc.’s holdings in Aberdeen Asia-Pacific Income Fund were worth $14,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Probabilities Fund Management LLC grew its holdings in Aberdeen Asia-Pacific Income Fund by 133.0% during the 3rd quarter. Probabilities Fund Management LLC now owns 251,580 shares of the investment management company’s stock valued at $1,042,000 after buying an additional 143,620 shares in the last quarter. MML Investors Services LLC grew its holdings in Aberdeen Asia-Pacific Income Fund by 42.9% during the 3rd quarter. MML Investors Services LLC now owns 83,263 shares of the investment management company’s stock valued at $345,000 after buying an additional 24,991 shares in the last quarter. Synovus Financial Corp grew its holdings in Aberdeen Asia-Pacific Income Fund by 51.5% during the 3rd quarter. Synovus Financial Corp now owns 53,884 shares of the investment management company’s stock valued at $224,000 after buying an additional 18,327 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in Aberdeen Asia-Pacific Income Fund during the 4th quarter valued at approximately $351,000. Finally, Smith Moore & CO. boosted its position in shares of Aberdeen Asia-Pacific Income Fund by 54.7% during the 3rd quarter. Smith Moore & CO. now owns 127,187 shares of the investment management company’s stock valued at $527,000 after acquiring an additional 44,967 shares during the last quarter.

Shares of NYSEAMERICAN FAX traded up $0.01 during midday trading on Tuesday, reaching $4.21. 13,279 shares of the stock traded hands, compared to its average volume of 1,049,816. Aberdeen Asia-Pacific Income Fund, Inc. has a one year low of $3.82 and a one year high of $4.89.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 21st will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 9.98%.

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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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Institutional Ownership by Quarter for Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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