China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou bought 3,109 shares of the stock in a transaction on Wednesday, November 1st. The shares were bought at an average price of $21.29 per share, for a total transaction of $66,190.61. The acquisition was disclosed in a legal 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 Friday, October 27th, City Of London Investment Grou bought 49,706 shares of China Fund stock. The shares were bought at an average price of $20.96 per share, for a total transaction of $1,041,837.76.

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Several institutional investors and hedge funds have recently made changes to their positions in CHN. Royal Bank of Canada grew its stake in shares of 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 last quarter. Gramercy Funds Management LLC grew its stake in shares of 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 last quarter. Finally, City of London Investment Management Co. Ltd. grew its stake in shares of 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 last quarter.

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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