Insider Buying: China Fund Inc (CHN) Major Shareholder Buys 12,733 Shares of Stock

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou purchased 12,733 shares of China Fund stock in a transaction on Friday, December 29th. The stock was purchased at an average price of $21.53 per share, for a total transaction of $274,141.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large 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 Wednesday, December 27th, City Of London Investment Grou purchased 8,512 shares of China Fund stock. The stock was purchased 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 purchased 6,622 shares of China Fund stock. The stock was purchased 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 purchased 12,794 shares of China Fund stock. The stock was purchased at an average price of $20.86 per share, for a total transaction of $266,882.84.
  • On Monday, December 11th, City Of London Investment Grou purchased 2,152 shares of China Fund stock. The stock was purchased at an average price of $21.46 per share, for a total transaction of $46,181.92.
  • On Friday, December 8th, City Of London Investment Grou purchased 1,000 shares of China Fund stock. The stock was purchased at an average price of $21.18 per share, for a total transaction of $21,180.00.
  • On Wednesday, December 6th, City Of London Investment Grou purchased 7,740 shares of China Fund stock. The stock was purchased at an average price of $20.75 per share, for a total transaction of $160,605.00.
  • On Monday, December 4th, City Of London Investment Grou purchased 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 Friday, December 1st, City Of London Investment Grou bought 7,000 shares of China Fund stock. The shares were bought at an average price 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 bought 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 shares were bought at an average price of $22.08 per share, for a total transaction of $885,165.12.

Shares of China Fund Inc (CHN) traded up $0.54 during mid-day trading on Tuesday, hitting $22.19. 30,549 shares of the stock were exchanged, compared to its average volume of 24,850. China Fund Inc has a 12 month low of $15.03 and a 12 month high of $22.34. The firm has a market capitalization of $340.40, a price-to-earnings ratio of 6.98 and a beta of 0.94.

The business also recently announced an annual dividend, which will be paid on Thursday, January 4th. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.549 per share. The ex-dividend date is Monday, December 18th. This represents a dividend yield of 2.56%.

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of 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 in the last quarter. Gramercy Funds Management LLC raised its stake in shares of 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 buying an additional 25,711 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 buying an additional 21,421 shares during the last quarter. 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 buying an additional 43,169 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. raised its stake in shares of China Fund by 3.2% during the second quarter. City of London Investment Management Co. Ltd. now owns 3,909,903 shares of the investment management company’s stock worth $73,076,000 after buying an additional 121,392 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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