China Fund Inc (CHN) Major Shareholder City Of London Investment Grou Purchases 1,900 Shares of Stock

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou purchased 1,900 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was bought at an average price of $22.46 per share, for a total transaction of $42,674.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Friday, December 29th, City Of London Investment Grou acquired 12,733 shares of China Fund stock. The shares were purchased 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 acquired 8,512 shares of China Fund stock. The stock was bought 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 stock was bought at an average price 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 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 acquired 2,152 shares of China Fund stock. The shares were bought 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 acquired 1,000 shares of China Fund stock. The shares were bought 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 acquired 7,740 shares of China Fund stock. The shares were bought 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 acquired 3,534 shares of China Fund stock. The shares were 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 acquired 7,000 shares of China Fund stock. The shares were 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 acquired at an average cost of $21.65 per share, with a total value of $116,910.00.

Shares of China Fund Inc (CHN) traded down $0.10 on Thursday, reaching $22.50. The company had a trading volume of 28,100 shares, compared to its average volume of 24,857. The firm has a market capitalization of $354.39, a P/E ratio of 4.50 and a beta of 0.95. China Fund Inc has a 52-week low of $15.36 and a 52-week high of $22.68.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. 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 last quarter. City of London Investment Management Co. Ltd. raised its stake in shares of China Fund by 0.3% during the third 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. Karpus Management Inc. raised its stake in shares of China Fund by 8.6% during the third quarter. Karpus Management Inc. now owns 270,174 shares of the investment management company’s stock worth $5,498,000 after purchasing an additional 21,421 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of China Fund by 4.3% during the third 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.

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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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