Insider Buying: China Fund Inc (NYSE:CHN) Major Shareholder Buys 12,794 Shares of Stock

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou purchased 12,794 shares of the stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of $20.86 per share, for a total transaction of $266,882.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Tuesday, January 9th, City Of London Investment Grou purchased 1,900 shares of China Fund stock. The stock was acquired 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 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 bought 8,512 shares of China Fund stock. The shares were purchased 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 shares were purchased at an average cost of $21.01 per share, for a total transaction of $139,128.22.
  • On Monday, December 11th, City Of London Investment Grou bought 2,152 shares of China Fund stock. The shares were purchased at an average cost of $21.46 per share, for a total transaction of $46,181.92.
  • On Friday, December 8th, City Of London Investment Grou bought 1,000 shares of China Fund stock. The shares were purchased at an average cost of $21.18 per share, for a total transaction of $21,180.00.
  • On Wednesday, December 6th, City Of London Investment Grou bought 7,740 shares of China Fund stock. The shares were purchased at an average cost of $20.75 per share, for a total transaction of $160,605.00.
  • On Monday, December 4th, City Of London Investment Grou bought 3,534 shares of China Fund stock. The shares were purchased at an average cost of $21.41 per share, for a total transaction of $75,662.94.
  • On Friday, December 1st, City Of London Investment Grou bought 7,000 shares of China Fund stock. The shares were purchased at an average cost of $21.38 per share, for a total transaction of $149,660.00.
  • On Wednesday, November 29th, City Of London Investment Grou bought 5,400 shares of China Fund stock. The shares were purchased at an average cost of $21.65 per share, for a total transaction of $116,910.00.

China Fund Inc (NYSE CHN) traded up $0.23 during mid-day trading on Friday, reaching $22.94. The company had a trading volume of 12,498 shares, compared to its average volume of 24,133. China Fund Inc has a fifty-two week low of $15.36 and a fifty-two week high of $22.94. The firm has a market capitalization of $357.06, a P/E ratio of 4.59 and a beta of 0.95.

The company also recently announced an annual dividend, which was paid on Thursday, January 4th. Investors 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 hedge funds have recently added to or reduced their stakes in CHN. Royal Bank of Canada lifted its stake in China Fund by 281.6% during the second quarter. Royal Bank of Canada now owns 9,300 shares of the investment management company’s stock worth $174,000 after purchasing an additional 6,863 shares during the period. City of London Investment Management Co. Ltd. lifted its stake in 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 period. Karpus Management Inc. lifted its stake in 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 period. Gramercy Funds Management LLC lifted its stake in China Fund by 37.4% during the second quarter. Gramercy Funds Management LLC now owns 94,532 shares of the investment management company’s stock worth $1,766,000 after purchasing an additional 25,711 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in 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 period.

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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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