China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou purchased 7,860 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of $21.29 per share, with a total value of $167,339.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% 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 Monday, November 13th, City Of London Investment Grou purchased 5,600 shares of China Fund stock. The shares were purchased at an average price of $21.58 per share, with a total value of $120,848.00.
  • On Friday, November 10th, City Of London Investment Grou purchased 2,304 shares of China Fund stock. The shares were purchased at an average price of $21.46 per share, with a total value of $49,443.84.
  • On Wednesday, November 8th, City Of London Investment Grou purchased 1,134 shares of China Fund stock. The shares were purchased at an average price of $21.48 per share, with a total value of $24,358.32.
  • On Wednesday, November 1st, City Of London Investment Grou purchased 3,109 shares of China Fund stock. The shares were purchased at an average price of $21.29 per share, with a total value of $66,190.61.
  • On Friday, October 27th, City Of London Investment Grou purchased 49,706 shares of China Fund stock. The shares were purchased at an average price of $20.96 per share, with a total value of $1,041,837.76.

China Fund Inc (NYSE:CHN) traded up $0.20 during trading hours on Thursday, reaching $21.56. 19,619 shares of the company were exchanged, compared to its average volume of 26,269. China Fund Inc has a 52 week low of $14.44 and a 52 week high of $21.84.

COPYRIGHT VIOLATION WARNING: “China Fund Inc (CHN) Major Shareholder Acquires $167,339.40 in Stock” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/china-fund-inc-chn-major-shareholder-acquires-167339-40-in-stock/1708122.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. City of London Investment Management Co. Ltd. increased its stake 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 worth $80,044,000 after acquiring an additional 10,000 shares in the last quarter. Wells Fargo & Company MN grew its position in China Fund by 4.3% during 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 purchasing an additional 43,169 shares during the last quarter. Gramercy Funds Management LLC grew its position in China Fund by 37.4% during 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 purchasing an additional 25,711 shares during the last quarter. Finally, Royal Bank of Canada grew its position in China Fund by 281.6% during the 2nd 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.

China Fund Company Profile

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.

Receive News & Ratings for China Fund Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Fund Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.