Aberdeen Chile Fund, Inc. (NYSEMKT:CH) major shareholder Bulldog Investors, Llc sold 27,181 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $8.99, for a total value of $244,357.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Aberdeen Chile Fund, Inc. (NYSEMKT CH) opened at 9.00 on Wednesday. The firm has a 50-day moving average of $8.41 and a 200 day moving average of $7.54. Aberdeen Chile Fund, Inc. has a one year low of $5.89 and a one year high of $9.09.
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A hedge fund recently raised its stake in Aberdeen Chile Fund stock. Wells Fargo & Company MN grew its stake in Aberdeen Chile Fund, Inc. (NYSEMKT:CH) by 1,172.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,345 shares of the investment management company’s stock after acquiring an additional 38,095 shares during the period. Wells Fargo & Company MN’s holdings in Aberdeen Chile Fund were worth $293,000 at the end of the most recent reporting period.
Aberdeen Chile Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek total return, consisting of capital appreciation and income, by investing primarily in Chilean securities. The Fund invests in a range of sectors, including financials, consumer staples, utilities, consumer discretionary, materials, energy, information technology, telecommunication services, healthcare, real estate and industrials.
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