China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou acquired 5,600 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $21.58 per share, for a total transaction of $120,848.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 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 Friday, November 10th, City Of London Investment Grou acquired 2,304 shares of China Fund stock. The shares were purchased at an average cost of $21.46 per share, for a total transaction of $49,443.84.
  • On Wednesday, November 8th, City Of London Investment Grou acquired 1,134 shares of China Fund stock. The shares were purchased at an average cost of $21.48 per share, for a total transaction of $24,358.32.
  • On Wednesday, November 1st, City Of London Investment Grou acquired 3,109 shares of China Fund stock. The shares were purchased at an average cost of $21.29 per share, for a total transaction of $66,190.61.
  • On Friday, October 27th, City Of London Investment Grou acquired 49,706 shares of China Fund stock. The shares were purchased at an average cost of $20.96 per share, for a total transaction of $1,041,837.76.

Shares of China Fund Inc (NYSE:CHN) traded up $0.06 during midday trading on Tuesday, hitting $21.61. The company had a trading volume of 16,100 shares, compared to its average volume of 26,367. China Fund Inc has a 52 week low of $14.44 and a 52 week high of $21.84.

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Several hedge funds and other institutional investors have recently made changes to their positions in CHN. City of London Investment Management Co. Ltd. raised its holdings in shares of China Fund by 3.2% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,909,903 shares of the investment management company’s stock valued at $73,076,000 after buying an additional 121,392 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of China Fund by 4.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,052,033 shares of the investment management company’s stock valued at $21,409,000 after buying an additional 43,169 shares in the last quarter. Gramercy Funds Management LLC raised its holdings in shares of China Fund by 37.4% during the 2nd quarter. Gramercy Funds Management LLC now owns 94,532 shares of the investment management company’s stock valued at $1,766,000 after buying an additional 25,711 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of China Fund by 281.6% during the 2nd quarter. Royal Bank of Canada now owns 9,300 shares of the investment management company’s stock valued at $174,000 after buying an additional 6,863 shares in the last quarter.

China Fund Company Profile

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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