China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou acquired 7,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $21.38 per share, for a total transaction of $149,660.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 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 Monday, December 4th, City Of London Investment Grou bought 3,534 shares of China Fund stock. The stock was purchased at an average price of $21.41 per share, for a total transaction of $75,662.94.
  • On Wednesday, November 29th, City Of London Investment Grou bought 5,400 shares of China Fund stock. The stock was purchased at an average price of $21.65 per share, for a total transaction of $116,910.00.
  • On Friday, November 24th, City Of London Investment Grou bought 40,089 shares of China Fund stock. The stock was purchased at an average price of $22.08 per share, for a total transaction of $885,165.12.
  • On Tuesday, November 21st, City Of London Investment Grou bought 4,667 shares of China Fund stock. The stock was purchased at an average price of $22.04 per share, for a total transaction of $102,860.68.
  • On Friday, November 17th, City Of London Investment Grou bought 4,855 shares of China Fund stock. The stock was purchased at an average price of $21.56 per share, for a total transaction of $104,673.80.
  • On Wednesday, November 15th, City Of London Investment Grou bought 7,860 shares of China Fund stock. The stock was purchased at an average price of $21.29 per share, for a total transaction of $167,339.40.
  • On Monday, November 13th, City Of London Investment Grou acquired 5,600 shares of China Fund stock. The shares were bought at an average cost of $21.58 per share, with a total value of $120,848.00.
  • On Friday, November 10th, City Of London Investment Grou acquired 2,304 shares of China Fund stock. The shares were bought at an average cost of $21.46 per share, with a total value of $49,443.84.
  • On Wednesday, November 8th, City Of London Investment Grou bought 1,134 shares of China Fund stock. The stock was acquired at an average cost of $21.48 per share, with a total value of $24,358.32.
  • On Wednesday, November 1st, City Of London Investment Grou bought 3,109 shares of China Fund stock. The stock was acquired at an average cost of $21.29 per share, with a total value of $66,190.61.

China Fund Inc (NYSE CHN) opened at $21.28 on Wednesday. China Fund Inc has a 12-month low of $14.44 and a 12-month high of $22.34.

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew 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 valued at $174,000 after purchasing an additional 6,863 shares in the last quarter. City of London Investment Management Co. Ltd. grew its position in shares of China Fund by 0.3% in the 3rd 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 acquiring an additional 10,000 shares during the period. Karpus Management Inc. grew its position in shares of 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 acquiring an additional 21,421 shares during the period. Gramercy Funds Management LLC grew its position in shares of China Fund by 37.4% in the 2nd quarter. Gramercy Funds Management LLC now owns 94,532 shares of the investment management company’s stock valued at $1,766,000 after acquiring an additional 25,711 shares during the period. Finally, Wells Fargo & Company MN lifted 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 buying an additional 43,169 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: “City Of London Investment Grou Acquires 7,000 Shares of China Fund Inc (CHN) Stock” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://theolympiareport.com/2017/12/06/city-of-london-investment-grou-acquires-7000-shares-of-china-fund-inc-chn-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 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Fund Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.