China Fund Inc (CHN) Major Shareholder Buys $257,056.80 in Stock

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou acquired 12,012 shares of the stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $21.40 per share, for a total transaction of $257,056.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large 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 Thursday, February 8th, City Of London Investment Grou acquired 14,672 shares of China Fund stock. The shares were purchased at an average price of $21.49 per share, for a total transaction of $315,301.28.
  • On Thursday, February 1st, City Of London Investment Grou acquired 11,637 shares of China Fund stock. The shares were purchased at an average price of $23.83 per share, for a total transaction of $277,309.71.
  • On Monday, January 22nd, City Of London Investment Grou acquired 5,370 shares of China Fund stock. The shares were purchased at an average price of $23.65 per share, for a total transaction of $127,000.50.
  • On Thursday, January 18th, City Of London Investment Grou acquired 1,091 shares of China Fund stock. The shares were purchased at an average price of $23.30 per share, for a total transaction of $25,420.30.
  • On Tuesday, January 16th, City Of London Investment Grou acquired 13,008 shares of China Fund stock. The shares were purchased at an average price of $23.06 per share, for a total transaction of $299,964.48.
  • On Friday, January 12th, City Of London Investment Grou acquired 4,225 shares of China Fund stock. The shares were purchased at an average price of $22.85 per share, for a total transaction of $96,541.25.
  • On Tuesday, January 9th, City Of London Investment Grou acquired 1,900 shares of China Fund stock. The shares were purchased at an average price of $22.46 per share, for a total transaction of $42,674.00.
  • On Friday, December 29th, City Of London Investment Grou acquired 12,733 shares of China Fund stock. The shares were purchased at an average price of $21.53 per share, for a total transaction of $274,141.49.
  • On Wednesday, December 27th, City Of London Investment Grou acquired 8,512 shares of China Fund stock. The shares were purchased at an average price of $21.12 per share, for a total transaction of $179,773.44.
  • On Thursday, December 21st, City Of London Investment Grou acquired 6,622 shares of China Fund stock. The shares were purchased at an average price of $21.01 per share, for a total transaction of $139,128.22.

China Fund Inc (CHN) traded up $0.61 during trading on Wednesday, hitting $22.11. 18,556 shares of the stock traded hands, compared to its average volume of 29,266. The firm has a market cap of $347.63, a price-to-earnings ratio of 4.42 and a beta of 1.00. China Fund Inc has a one year low of $15.96 and a one year high of $24.76.

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake 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 worth $21,409,000 after purchasing an additional 43,169 shares during the last quarter. City of London Investment Management Co. Ltd. increased its stake in shares of China Fund by 0.3% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 3,919,903 shares of the investment management company’s stock worth $80,044,000 after purchasing an additional 10,000 shares during the last quarter. Gramercy Funds Management LLC grew its stake in China Fund by 29.6% in the 4th 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 last quarter. Karpus Management Inc. grew its stake in China Fund by 8.6% in the 3rd 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. Finally, Royal Bank of Canada grew its stake in 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 valued at $174,000 after buying an additional 6,863 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/14/china-fund-inc-chn-major-shareholder-buys-257056-80-in-stock.html.

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)

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

Leave a Reply