City Of London Investment Grou Acquires 7,000 Shares of China Fund Inc (CHN) Stock

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou bought 7,000 shares of China Fund stock in a transaction on Friday, December 1st. The shares were purchased at an average cost of $21.38 per share, with a total value of $149,660.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Wednesday, November 29th, City Of London Investment Grou bought 5,400 shares of China Fund stock. The shares were purchased at an average cost of $21.65 per share, with a total value of $116,910.00.
  • On Friday, November 24th, City Of London Investment Grou bought 40,089 shares of China Fund stock. The shares were purchased at an average cost of $22.08 per share, with a total value of $885,165.12.
  • On Tuesday, November 21st, City Of London Investment Grou bought 4,667 shares of China Fund stock. The shares were purchased at an average cost of $22.04 per share, with a total value of $102,860.68.
  • On Friday, November 17th, City Of London Investment Grou bought 4,855 shares of China Fund stock. The shares were purchased at an average cost of $21.56 per share, with a total value of $104,673.80.
  • On Wednesday, November 15th, City Of London Investment Grou bought 7,860 shares of China Fund stock. The shares were purchased at an average cost of $21.29 per share, with a total value of $167,339.40.
  • On Monday, November 13th, City Of London Investment Grou bought 5,600 shares of China Fund stock. The shares were purchased at an average cost of $21.58 per share, with a total value of $120,848.00.
  • On Friday, November 10th, City Of London Investment Grou bought 2,304 shares of China Fund stock. The shares were purchased at an average cost of $21.46 per share, with a total value of $49,443.84.
  • On Wednesday, November 8th, City Of London Investment Grou bought 1,134 shares of China Fund stock. The shares were purchased at an average cost of $21.48 per share, with a total value of $24,358.32.
  • On Wednesday, November 1st, City Of London Investment Grou bought 3,109 shares of China Fund stock. The shares were purchased at an average cost of $21.29 per share, with a total value of $66,190.61.
  • On Friday, October 27th, City Of London Investment Grou bought 49,706 shares of China Fund stock. The shares were purchased at an average cost of $20.96 per share, with a total value of $1,041,837.76.

Shares of China Fund Inc (NYSE CHN) traded down $0.07 during trading on Monday, hitting $21.40. The company’s stock had a trading volume of 9,338 shares, compared to its average volume of 26,155. China Fund Inc has a fifty-two week low of $14.44 and a fifty-two week high of $22.34.

Several institutional investors have recently made changes to their positions in the business. Karpus Management Inc. raised its holdings in shares of China Fund by 8.6% during the third quarter. Karpus Management Inc. now owns 270,174 shares of the investment management company’s stock valued at $5,498,000 after acquiring an additional 21,421 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of China Fund by 4.3% during the third quarter. Wells Fargo & Company MN now owns 1,052,033 shares of the investment management company’s stock valued at $21,409,000 after acquiring an additional 43,169 shares during the last quarter. City of London Investment Management Co. Ltd. raised its holdings in shares of China Fund by 0.3% during the third quarter. City of London Investment Management Co. Ltd. now owns 3,919,903 shares of the investment management company’s stock valued at $80,044,000 after acquiring an additional 10,000 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of China Fund by 281.6% in the second quarter. Royal Bank of Canada now owns 9,300 shares of the investment management company’s stock valued at $174,000 after purchasing an additional 6,863 shares during the last quarter. Finally, Gramercy Funds Management LLC increased its holdings in shares of China Fund by 37.4% in the second quarter. Gramercy Funds Management LLC now owns 94,532 shares of the investment management company’s stock valued at $1,766,000 after purchasing an additional 25,711 shares during the last quarter.

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About China Fund

The China Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of companies for which the principal securities trading market is the People’s Republic of China (China); of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive over 50% of their revenues from goods and services sold or produced, or have approximately 50% of their assets, in China, and constituting direct equity investments in companies organized in China.

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