Insider Buying: Aberdeen Latin America Equity Fund, Inc. (LAQ) Major Shareholder Acquires 15,000 Shares of Stock

Aberdeen Latin America Equity Fund, Inc. (NYSEAMERICAN:LAQ) major shareholder City Of London Investment Grou purchased 15,000 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was acquired at an average cost of $27.54 per share, for a total transaction of $413,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of LAQ stock traded down $0.05 on Friday, reaching $27.35. The company’s stock had a trading volume of 4,772 shares, compared to its average volume of 8,958. Aberdeen Latin America Equity Fund, Inc. has a 12-month low of $22.26 and a 12-month high of $30.00.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in Aberdeen Latin America Equity Fund by 1.3% in the third quarter. Wells Fargo & Company MN now owns 260,904 shares of the company’s stock valued at $7,138,000 after buying an additional 3,454 shares during the period. Bulldog Investors LLC lifted its stake in Aberdeen Latin America Equity Fund by 163.6% in the fourth quarter. Bulldog Investors LLC now owns 104,021 shares of the company’s stock valued at $2,779,000 after buying an additional 64,560 shares during the period. Matisse Capital lifted its stake in Aberdeen Latin America Equity Fund by 407.6% in the fourth quarter. Matisse Capital now owns 100,637 shares of the company’s stock valued at $2,689,000 after buying an additional 80,810 shares during the period. Uncommon Cents Investing LLC acquired a new position in Aberdeen Latin America Equity Fund in the fourth quarter valued at approximately $1,350,000. Finally, Thomas J. Herzfeld Advisors Inc. lifted its stake in Aberdeen Latin America Equity Fund by 23.6% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 27,331 shares of the company’s stock valued at $730,000 after buying an additional 5,221 shares during the period.

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About Aberdeen Latin America Equity Fund

Aberdeen Latin America Equity Fund, Inc (the Fund) is a non-diversified closed-end, management investment company. The Fund’s investment objective is to seek long-term capital appreciation by investing in Latin American equity securities. The Fund may invest approximately 10% of its assets (at the time of commitment) in illiquid equity securities, including securities of private equity funds (whether in corporate or partnership form) that invest in emerging markets.

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