Aberdeen Japan Equity Fund (NYSE:JEQ) Trading Down 0.9%

Aberdeen Japan Equity Fund Inc (NYSE:JEQ) shares were down 0.9% during trading on Tuesday . The company traded as low as $7.97 and last traded at $7.98, approximately 10,558 shares were traded during trading. A decline of 47% from the average daily volume of 20,083 shares. The stock had previously closed at $8.06.

The stock has a 50-day simple moving average of $7.82 and a 200 day simple moving average of $7.29.

A number of institutional investors and hedge funds have recently bought and sold shares of JEQ. BB&T Securities LLC purchased a new stake in Aberdeen Japan Equity Fund during the third quarter worth $103,000. Susquehanna International Group LLP boosted its position in Aberdeen Japan Equity Fund by 215.5% during the second quarter. Susquehanna International Group LLP now owns 39,373 shares of the company’s stock worth $276,000 after purchasing an additional 26,892 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in Aberdeen Japan Equity Fund by 1.9% during the second quarter. Landscape Capital Management L.L.C. now owns 115,061 shares of the company’s stock worth $805,000 after purchasing an additional 2,177 shares in the last quarter. Matisse Capital boosted its position in Aberdeen Japan Equity Fund by 764.0% during the third quarter. Matisse Capital now owns 137,516 shares of the company’s stock worth $1,001,000 after purchasing an additional 121,600 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its position in Aberdeen Japan Equity Fund by 4.5% during the second quarter. City of London Investment Management Co. Ltd. now owns 607,097 shares of the company’s stock worth $4,274,000 after purchasing an additional 26,040 shares in the last quarter. Institutional investors own 63.81% of the company’s stock.

About Aberdeen Japan Equity Fund (NYSE:JEQ)

Aberdeen Japan Equity Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.

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