China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou bought 7,740 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average price of $20.75 per share, with a total value of $160,605.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 Monday, December 4th, City Of London Investment Grou purchased 3,534 shares of China Fund stock. The stock was bought at an average cost of $21.41 per share, with a total value of $75,662.94.
  • On Friday, December 1st, City Of London Investment Grou purchased 7,000 shares of China Fund stock. The stock was bought at an average cost of $21.38 per share, with a total value of $149,660.00.
  • On Wednesday, November 29th, City Of London Investment Grou purchased 5,400 shares of China Fund stock. The stock was bought at an average cost of $21.65 per share, with a total value of $116,910.00.
  • On Friday, November 24th, City Of London Investment Grou purchased 40,089 shares of China Fund stock. The stock was bought at an average cost of $22.08 per share, with a total value of $885,165.12.
  • On Tuesday, November 21st, City Of London Investment Grou purchased 4,667 shares of China Fund stock. The stock was bought at an average cost of $22.04 per share, with a total value of $102,860.68.
  • On Friday, November 17th, City Of London Investment Grou purchased 4,855 shares of China Fund stock. The stock was bought at an average cost of $21.56 per share, with a total value of $104,673.80.
  • On Wednesday, November 15th, City Of London Investment Grou purchased 7,860 shares of China Fund stock. The stock was bought at an average cost of $21.29 per share, with a total value of $167,339.40.
  • On Monday, November 13th, City Of London Investment Grou purchased 5,600 shares of China Fund stock. The stock was bought at an average cost of $21.58 per share, with a total value of $120,848.00.
  • On Friday, November 10th, City Of London Investment Grou purchased 2,304 shares of China Fund stock. The stock was bought at an average cost of $21.46 per share, with a total value of $49,443.84.
  • On Wednesday, November 8th, City Of London Investment Grou purchased 1,134 shares of China Fund stock. The stock was bought at an average cost of $21.48 per share, with a total value of $24,358.32.

Shares of China Fund Inc (NYSE CHN) traded down $0.47 on Thursday, reaching $20.81. 71,900 shares of the company were exchanged, compared to its average volume of 26,270. China Fund Inc has a 52-week low of $14.44 and a 52-week high of $22.34.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. City of London Investment Management Co. Ltd. lifted its position in China Fund by 0.3% in the third quarter. City of London Investment Management Co. Ltd. now owns 3,919,903 shares of the investment management company’s stock valued at $80,044,000 after acquiring an additional 10,000 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of China Fund by 4.3% in the third 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 during the last quarter. Karpus Management Inc. raised its holdings in shares of China Fund by 8.6% in the third quarter. Karpus Management Inc. now owns 270,174 shares of the investment management company’s stock valued at $5,498,000 after buying an additional 21,421 shares during the last quarter. Gramercy Funds Management LLC raised its holdings in shares of China Fund by 37.4% in the second 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 during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of China Fund by 281.6% in the second 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 during the last quarter.

TRADEMARK VIOLATION NOTICE: “China Fund Inc (CHN) Major Shareholder City Of London Investment Grou Acquires 7,740 Shares” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/07/china-fund-inc-chn-major-shareholder-city-of-london-investment-grou-acquires-7740-shares.html.

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.

Insider Buying and Selling by Quarter for China Fund (NYSE:CHN)

Receive News & Ratings for China Fund Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Fund Inc and related companies with MarketBeat.com's FREE daily email newsletter.