City Of London Investment Grou Acquires 6,622 Shares of China Fund Inc (CHN) Stock

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou purchased 6,622 shares of China Fund stock in a transaction dated Thursday, December 21st. The shares were purchased at an average cost of $21.01 per share, with a total value of $139,128.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 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 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.
  • On Friday, December 1st, City Of London Investment Grou purchased 7,000 shares of China Fund stock. The shares were purchased 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 shares were purchased at an average cost of $21.65 per share, with a total value of $116,910.00.

Shares of China Fund Inc (NYSE CHN) opened at $22.94 on Friday. China Fund Inc has a one year low of $15.36 and a one year high of $22.94. The firm has a market cap of $357.06, a PE ratio of 4.59 and a beta of 0.95.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 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 valued at $80,044,000 after purchasing an additional 10,000 shares in the last quarter. Wells Fargo & Company MN raised its position 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 worth $21,409,000 after acquiring an additional 43,169 shares in the last quarter. Karpus Management Inc. raised its position 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 worth $5,498,000 after acquiring an additional 21,421 shares in the last quarter. Gramercy Funds Management LLC raised its position in China Fund by 37.4% in the second quarter. Gramercy Funds Management LLC now owns 94,532 shares of the investment management company’s stock worth $1,766,000 after acquiring an additional 25,711 shares in the last quarter. Finally, Royal Bank of Canada raised its position 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 worth $174,000 after acquiring an additional 6,863 shares in 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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