Is LAQ an ETF or a Mutual Fund and can i buy shares of it today?

I found this interesting stock: Latin America Equity Fund Inc. (LAQ)

Can someone give me a site that tells me if it is a ETF or a Mutual Fund and if i am able to buy shares in it.

I think i read somehwere that it is a "closed-ended ETF" so does that mean i cant buy shares in this stock?

LAQ is a closed end fund. It trades like an ETF. You should be able to buy shares through any broker.

Closed end funds are like mutual funds. What makes them different is that they are not taking new investors, so the only way to get shares of the fund is to buy them on the open market from another investor. New shares of the fund are not created.

An ETF can release more shares at any time.

I was able to find LAQ through my Ameritrade account. It looks like it trades daily like a stock, today it ended at $43.20 per share in afterhours trading.

The dividend yield is 1.22%, so if you buy, you'll have to make your money in gains. The dividend rate is too low to risk.

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