News Snapshot:
Tortoise Investment Management LLC cut its stake in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 78.9% during the first quarter, HoldingsChannel reports. The firm owned 274,197 shares of the investment management company’s stock after selling 1,027,605 shares during the quarter. Tortoise Investment Management LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $1,121,000 at the end of the most recent quarter. Other large investors have also recently made changes to their positions in the company. Morgan Stanley boosted its position in Aberdeen Asia-Pacific Income Fund by 57.5% during the 4th quarter. Morgan Stanley now owns 5,520,971 shares of...
