Aberdeen Chile Fund, Inc. (NYSEMKT:CH) major shareholder Bulldog Investors, Llc sold 27,181 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $8.99, for a total value of $244,357.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aberdeen Chile Fund, Inc. (NYSEMKT:CH) traded up 0.22% on Tuesday, hitting $9.00. The stock had a trading volume of 16,799 shares. The company has a 50-day moving average price of $8.38 and a 200-day moving average price of $7.53. Aberdeen Chile Fund, Inc. has a 52 week low of $5.89 and a 52 week high of $9.09.

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A hedge fund recently raised its stake in Aberdeen Chile Fund stock. City of London Investment Management Co. Ltd. boosted its position in Aberdeen Chile Fund, Inc. (NYSEMKT:CH) by 123.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,229 shares of the investment management company’s stock after buying an additional 202,847 shares during the period. City of London Investment Management Co. Ltd.’s holdings in Aberdeen Chile Fund were worth $2,602,000 at the end of the most recent quarter.

About Aberdeen Chile Fund

Aberdeen Chile Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek total return, consisting of capital appreciation and income, by investing primarily in Chilean securities. The Fund invests in a range of sectors, including financials, consumer staples, utilities, consumer discretionary, materials, energy, information technology, telecommunication services, healthcare, real estate and industrials.

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