Insider Buying: China Fund Inc (CHN) Major Shareholder Purchases $24,358.32 in Stock

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou acquired 1,134 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $21.48 per share, for a total transaction of $24,358.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 Wednesday, November 1st, City Of London Investment Grou acquired 3,109 shares of China Fund stock. The stock was acquired at an average cost of $21.29 per share, for a total transaction of $66,190.61.
  • On Friday, October 27th, City Of London Investment Grou acquired 49,706 shares of China Fund stock. The stock was acquired at an average cost of $20.96 per share, for a total transaction of $1,041,837.76.

Shares of China Fund Inc (CHN) traded up $0.16 on Friday, reaching $21.55. The company’s stock had a trading volume of 15,100 shares, compared to its average volume of 26,414. China Fund Inc has a one year low of $14.44 and a one year high of $21.84.

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Institutional investors and hedge funds have recently modified their holdings of the business. Gramercy Funds Management LLC grew its holdings 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 valued at $1,766,000 after purchasing an additional 25,711 shares during the period. City of London Investment Management Co. Ltd. grew its holdings in China Fund by 3.2% in the second quarter. City of London Investment Management Co. Ltd. now owns 3,909,903 shares of the investment management company’s stock valued at $73,076,000 after purchasing an additional 121,392 shares during the period. Wells Fargo & Company MN grew its holdings 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 valued at $21,409,000 after purchasing an additional 43,169 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of 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 during the last quarter.

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.

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