China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou acquired 13,008 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was acquired at an average price of $23.06 per share, with a total value of $299,964.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 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, January 12th, City Of London Investment Grou acquired 4,225 shares of China Fund stock. The stock was acquired at an average price of $22.85 per share, with a total value of $96,541.25.
  • On Tuesday, January 9th, City Of London Investment Grou purchased 1,900 shares of China Fund stock. The shares were purchased at an average cost of $22.46 per share, with a total value of $42,674.00.
  • On Friday, December 29th, City Of London Investment Grou purchased 12,733 shares of China Fund stock. The shares were purchased at an average cost of $21.53 per share, with a total value of $274,141.49.
  • On Wednesday, December 27th, City Of London Investment Grou purchased 8,512 shares of China Fund stock. The shares were purchased at an average cost of $21.12 per share, with a total value of $179,773.44.
  • On Thursday, December 21st, City Of London Investment Grou purchased 6,622 shares of China Fund stock. The shares were purchased at an average cost of $21.01 per share, with a total value of $139,128.22.
  • On Monday, December 18th, City Of London Investment Grou purchased 12,794 shares of China Fund stock. The shares were purchased at an average cost of $20.86 per share, with a total value of $266,882.84.
  • On Monday, December 11th, City Of London Investment Grou purchased 2,152 shares of China Fund stock. The shares were purchased at an average cost of $21.46 per share, with a total value of $46,181.92.
  • On Friday, December 8th, City Of London Investment Grou purchased 1,000 shares of China Fund stock. The shares were purchased at an average cost of $21.18 per share, with a total value of $21,180.00.
  • On Wednesday, December 6th, City Of London Investment Grou purchased 7,740 shares of China Fund stock. The shares were purchased at an average cost of $20.75 per share, with a total value of $160,605.00.
  • On Monday, December 4th, City Of London Investment Grou purchased 3,534 shares of China Fund stock. The shares were purchased at an average cost of $21.41 per share, with a total value of $75,662.94.

China Fund Inc (NYSE:CHN) traded up $0.35 during trading hours on Wednesday, reaching $23.32. The company’s stock had a trading volume of 19,960 shares, compared to its average volume of 22,853. China Fund Inc has a 52-week low of $15.36 and a 52-week high of $23.35. The firm has a market cap of $366.65, a P/E ratio of 4.66 and a beta of 0.95.

The company also recently declared an annual dividend, which was paid on Thursday, January 4th. Shareholders of record on Tuesday, December 19th were given a dividend of $0.549 per share. This represents a yield of 2.56%. The ex-dividend date was Monday, December 18th.

A number of large investors have recently added to or reduced their stakes in CHN. Royal Bank of Canada boosted its position in 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 worth $174,000 after acquiring an additional 6,863 shares during the last quarter. Karpus Management Inc. boosted its position in China Fund by 8.6% during the 3rd quarter. Karpus Management Inc. now owns 270,174 shares of the investment management company’s stock worth $5,498,000 after acquiring an additional 21,421 shares during the last quarter. Wells Fargo & Company MN boosted its position in 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 worth $21,409,000 after acquiring an additional 43,169 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its position in 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 worth $73,076,000 after acquiring an additional 121,392 shares during the last quarter.

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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.

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

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