Janney Montgomery Scott LLC increased its stake in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) by 0.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 663,052 shares of the investment management company’s stock after buying an additional 3,885 shares during the period. Janney Montgomery Scott LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $3,315,000 at the end of the most recent reporting period.
Aberdeen Asia-Pacific Income Fund, Inc. (NYSE FAX) opened at 5.19 on Friday. The firm has a 50 day moving average price of $5.06 and a 200 day moving average price of $4.97. Aberdeen Asia-Pacific Income Fund, Inc. has a 12-month low of $4.56 and a 12-month high of $5.55.
The firm also recently disclosed a monthly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 24th were issued a $0.035 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $0.42 annualized dividend and a yield of 8.09%.
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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.
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