Aberdeen Grt Cf (GCH) Major Shareholder Sells $202,208.64 in Stock
Aberdeen Grt Cf (NYSE:GCH) major shareholder City Of London Investment Grou sold 16,629 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $12.16, for a total transaction of $202,208.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% 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 Thursday, October 5th, City Of London Investment Grou sold 20,000 shares of Aberdeen Grt Cf stock. The shares were sold at an average price of $12.34, for a total transaction of $246,800.00.
Aberdeen Grt Cf (GCH) traded up 0.49% during mid-day trading on Friday, hitting $12.26. 13,071 shares of the stock were exchanged. Aberdeen Grt Cf has a 12-month low of $8.26 and a 12-month high of $12.38. The company has a 50 day moving average of $12.00 and a 200 day moving average of $11.37.
The business also recently disclosed a special dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 22nd were given a dividend of $0.073 per share. The ex-dividend date was Thursday, September 21st. This is an increase from Aberdeen Grt Cf’s previous special dividend of $0.05.
A hedge fund recently bought a new stake in Aberdeen Grt Cf stock. Shaker Financial Services LLC acquired a new position in shares of Aberdeen Grt Cf (NYSE:GCH) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,812 shares of the investment management company’s stock, valued at approximately $147,000. Institutional investors and hedge funds own 49.62% of the company’s stock.
About Aberdeen Grt Cf
Aberdeen Greater China Fund, Inc is a non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment in listed equity securities of companies that are organized under the laws of, and have their principal place of business in, China and/or Hong Kong and/or Taiwan, and during their recent fiscal year derived at least 50% of their revenues or profits from goods produced or sold, investments made or services performed in China and/or Hong Kong and/or Taiwan or have at least 50% of their assets in China and/or Hong Kong and/or Taiwan.
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