China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou bought 49,706 shares of China Fund stock in a transaction that occurred on Friday, October 27th. The stock was bought at an average price of $20.96 per share, for a total transaction of $1,041,837.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 stock was bought at an average price of $21.29 per share, for a total transaction of $66,190.61.

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A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased 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. Gramercy Funds Management LLC increased 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, City of London Investment Management Co. Ltd. increased its stake in China Fund by 3.2% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,909,903 shares of the investment management company’s stock worth $73,076,000 after purchasing an additional 121,392 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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