Wolverine Asset Management LLC cut its position in shares of Aberdeen Latin America (NYSEAMERICAN:LAQ) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,854 shares of the company’s stock after selling 3,600 shares during the period. Wolverine Asset Management LLC owned about 0.20% of Aberdeen Latin America worth $396,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Aberdeen Latin America by 1.3% in the third quarter. Wells Fargo & Company MN now owns 260,904 shares of the company’s stock worth $7,138,000 after purchasing an additional 3,454 shares in the last quarter. Icon Advisers Inc. Co. acquired a new position in Aberdeen Latin America in the fourth quarter worth $538,000. Uncommon Cents Investing LLC acquired a new position in Aberdeen Latin America in the fourth quarter worth $1,350,000. Bulldog Investors LLC lifted its stake in shares of Aberdeen Latin America by 163.6% during the fourth quarter. Bulldog Investors LLC now owns 104,021 shares of the company’s stock valued at $2,779,000 after acquiring an additional 64,560 shares during the period. Finally, Matisse Capital lifted its stake in shares of Aberdeen Latin America by 407.6% during the fourth quarter. Matisse Capital now owns 100,637 shares of the company’s stock valued at $2,689,000 after acquiring an additional 80,810 shares during the period.
NYSEAMERICAN LAQ traded down $0.24 on Friday, reaching $27.40. The company had a trading volume of 6,093 shares, compared to its average volume of 8,791. Aberdeen Latin America has a 52 week low of $22.26 and a 52 week high of $30.00.
In other Aberdeen Latin America news, major shareholder City Of London Investment Grou acquired 15,000 shares of the business’s stock in a transaction dated Thursday, March 22nd. The stock was bought at an average cost of $27.54 per share, with a total value of $413,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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Aberdeen Latin America Company Profile
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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