City Of London Investment Management Co Ltd buys $55.7 Million stake in Aberdeen Latin America Equity Fund (LAQ)

Aberdeen Latin America Equity Fund (LAQ) : City Of London Investment Management Co Ltd scooped up 70,534 additional shares in Aberdeen Latin America Equity Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,972,513 shares of Aberdeen Latin America Equity Fund which is valued at $55.7 Million.Aberdeen Latin America Equity Fund makes up approximately 4.23% of City Of London Investment Management Co Ltd’s portfolio.

Other Hedge Funds, Including , Karpus Management reduced its stake in LAQ by selling 1,098 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 49,843 shares of LAQ which is valued at $934,556. Aberdeen Latin America Equity Fund makes up approx 0.04% of Karpus Management’s portfolio.Lazard Asset Management reduced its stake in LAQ by selling 158,391 shares or 16.48% in the most recent quarter. The Hedge Fund company now holds 802,842 shares of LAQ which is valued at $15.1 Million. Aberdeen Latin America Equity Fund makes up approx 0.04% of Lazard Asset Management’s portfolio.

Aberdeen Latin America Equity Fund opened for trading at $18.21 and hit $18.36 on the upside on Wednesday, eventually ending the session at $18.19, with a gain of 0.66% or 0.12 points. The heightened volatility saw the trading volume jump to 1,653 shares. Company has a market cap of $135 M.

Aberdeen Latin America Equity Fund Inc. (the Fund) is a non-diversified closed-end management investment company. The Fund’s principal investment objective is to seek long-term capital appreciation by investing primarily in Latin American equity securities. The Fund invests in Financials Consumer Staples Industrials Materials Consumer Discretionary Energy Information Technology HealthCare Utilities and Private Equity. It invests in various geographical locations including Brazil Mexico Colombia Argentina United States and Peru. Aberdeen Asset Managers Limited is the Fund’s investment adviser.

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