China Fund Inc (CHN) Major Shareholder City Of London Investment Grou Purchases 6,622 Shares

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou purchased 6,622 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were acquired at an average cost of $21.01 per share, with a total value of $139,128.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, December 18th, City Of London Investment Grou purchased 12,794 shares of China Fund stock. The shares were acquired at an average cost of $20.86 per share, with a total value of $266,882.84.
  • On Monday, December 11th, City Of London Investment Grou purchased 2,152 shares of China Fund stock. The shares were acquired at an average cost of $21.46 per share, with a total value of $46,181.92.
  • On Friday, December 8th, City Of London Investment Grou purchased 1,000 shares of China Fund stock. The shares were acquired at an average cost of $21.18 per share, with a total value of $21,180.00.
  • On Wednesday, December 6th, City Of London Investment Grou purchased 7,740 shares of China Fund stock. The shares were acquired at an average cost of $20.75 per share, with a total value of $160,605.00.
  • On Monday, December 4th, City Of London Investment Grou purchased 3,534 shares of China Fund stock. The shares were acquired at an average cost of $21.41 per share, with a total value of $75,662.94.
  • On Friday, December 1st, City Of London Investment Grou purchased 7,000 shares of China Fund stock. The shares were acquired at an average cost of $21.38 per share, with a total value of $149,660.00.
  • On Wednesday, November 29th, City Of London Investment Grou purchased 5,400 shares of China Fund stock. The shares were acquired 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 purchased 40,089 shares of China Fund stock. The shares were acquired 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 purchased 4,667 shares of China Fund stock. The shares were acquired 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 purchased 4,855 shares of China Fund stock. The shares were acquired at an average cost of $21.56 per share, with a total value of $104,673.80.

Shares of China Fund Inc (NYSE CHN) traded up $0.22 on Friday, hitting $21.18. 15,500 shares of the stock traded hands, compared to its average volume of 26,146. China Fund Inc has a one year low of $14.44 and a one year high of $22.34.

The business also recently disclosed an annual dividend, which will be paid on Thursday, January 4th. Stockholders of record on Tuesday, December 19th will be issued a $0.549 dividend. This represents a dividend yield of 2.56%. The ex-dividend date is Monday, December 18th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Karpus Management Inc. boosted its holdings in shares of China Fund by 8.6% in the 3rd quarter. Karpus Management Inc. now owns 270,174 shares of the investment management company’s stock valued at $5,498,000 after buying an additional 21,421 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of China Fund by 4.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,052,033 shares of the investment management company’s stock valued at $21,409,000 after buying an additional 43,169 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its holdings in shares of China Fund by 0.3% in the 3rd 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 buying an additional 10,000 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of China Fund by 281.6% in the 2nd quarter. Royal Bank of Canada now owns 9,300 shares of the investment management company’s stock valued at $174,000 after buying an additional 6,863 shares during the last quarter. Finally, Gramercy Funds Management LLC boosted its holdings in shares of China Fund by 37.4% in the 2nd quarter. Gramercy Funds Management LLC now owns 94,532 shares of the investment management company’s stock valued at $1,766,000 after buying 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.

Insider Buying and Selling by Quarter for China Fund (NYSE:CHN)

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