China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou bought 1,134 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $21.48 per share, with a total value of $24,358.32. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock 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 1st, City Of London Investment Grou bought 3,109 shares of China Fund stock. The shares were acquired 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 acquired 49,706 shares of China Fund stock. The stock was 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 $0.16 on Friday, hitting $21.55. 15,100 shares of the company were exchanged, compared to its average volume of 26,414. China Fund Inc has a 1-year low of $14.44 and a 1-year high of $21.84.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. City of London Investment Management Co. Ltd. increased its position 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 in the last quarter. Wells Fargo & Company MN boosted its stake in 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 worth $21,409,000 after purchasing an additional 43,169 shares during the period. Gramercy Funds Management LLC boosted its stake in 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 worth $1,766,000 after purchasing an additional 25,711 shares during the period. Finally, Royal Bank of Canada boosted its stake in 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 worth $174,000 after purchasing an additional 6,863 shares during the period.

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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