Insider Buying: China Fund Inc (CHN) Major Shareholder Acquires 14,672 Shares of Stock

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou purchased 14,672 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were purchased at an average cost of $21.49 per share, for a total transaction of $315,301.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Thursday, February 1st, City Of London Investment Grou purchased 11,637 shares of China Fund stock. The shares were purchased at an average cost of $23.83 per share, for a total transaction of $277,309.71.
  • On Monday, January 22nd, City Of London Investment Grou purchased 5,370 shares of China Fund stock. The shares were purchased at an average cost of $23.65 per share, for a total transaction of $127,000.50.
  • On Thursday, January 18th, City Of London Investment Grou purchased 1,091 shares of China Fund stock. The shares were purchased at an average cost of $23.30 per share, for a total transaction of $25,420.30.
  • On Tuesday, January 16th, City Of London Investment Grou purchased 13,008 shares of China Fund stock. The shares were purchased at an average cost of $23.06 per share, for a total transaction of $299,964.48.
  • On Friday, January 12th, City Of London Investment Grou purchased 4,225 shares of China Fund stock. The shares were purchased at an average cost of $22.85 per share, for a total transaction 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, for a total transaction of $42,674.00.
  • On Friday, December 29th, City Of London Investment Grou bought 12,733 shares of China Fund stock. The stock was bought at an average cost of $21.53 per share, for a total transaction of $274,141.49.
  • On Wednesday, December 27th, City Of London Investment Grou bought 8,512 shares of China Fund stock. The stock was bought at an average cost of $21.12 per share, for a total transaction of $179,773.44.
  • On Thursday, December 21st, City Of London Investment Grou bought 6,622 shares of China Fund stock. The stock was bought at an average cost of $21.01 per share, for a total transaction of $139,128.22.
  • On Monday, December 18th, City Of London Investment Grou bought 12,794 shares of China Fund stock. The stock was bought at an average cost of $20.86 per share, for a total transaction of $266,882.84.

China Fund Inc (NYSE:CHN) traded up $0.06 during trading hours on Friday, reaching $21.46. The company’s stock had a trading volume of 43,812 shares, compared to its average volume of 26,347. China Fund Inc has a 1 year low of $15.96 and a 1 year high of $24.76. The firm has a market capitalization of $357.22, a price-to-earnings ratio of 4.29 and a beta of 1.00.

A number of large investors have recently added to or reduced their stakes in CHN. Royal Bank of Canada lifted its stake in 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 period. Gramercy Funds Management LLC lifted its stake in China Fund by 29.6% in the fourth quarter. Gramercy Funds Management LLC now owns 186,086 shares of the investment management company’s stock valued at $4,029,000 after buying an additional 42,500 shares during the period. Karpus Management Inc. lifted its stake in 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 period. Wells Fargo & Company MN lifted its stake in 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 period. Finally, City of London Investment Management Co. Ltd. lifted its stake 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 buying an additional 10,000 shares during the period.

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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)

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