Insider Buying: China Fund Inc (CHN) Major Shareholder Buys 1,091 Shares of Stock

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou bought 1,091 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average cost of $23.30 per share, with a total value of $25,420.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Tuesday, January 16th, City Of London Investment Grou bought 13,008 shares of China Fund stock. The shares were acquired at an average cost of $23.06 per share, with a total value of $299,964.48.
  • On Friday, January 12th, City Of London Investment Grou bought 4,225 shares of China Fund stock. The shares were acquired at an average cost of $22.85 per share, with a total value of $96,541.25.
  • On Tuesday, January 9th, City Of London Investment Grou bought 1,900 shares of China Fund stock. The shares were acquired 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 bought 12,733 shares of China Fund stock. The shares were acquired 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 bought 8,512 shares of China Fund stock. The shares were acquired at an average cost of $21.12 per share, with a total value of $179,773.44.
  • On Thursday, December 21st, City Of London Investment Grou acquired 6,622 shares of China Fund stock. The stock was purchased at an average cost of $21.01 per share, with a total value of $139,128.22.
  • On Monday, December 18th, City Of London Investment Grou acquired 12,794 shares of China Fund stock. The stock was 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 acquired 2,152 shares of China Fund stock. The stock was 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 acquired 1,000 shares of China Fund stock. The stock was 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 acquired 7,740 shares of China Fund stock. The stock was purchased at an average cost of $20.75 per share, with a total value of $160,605.00.

Shares of China Fund Inc (NYSE CHN) traded up $0.27 during trading on Friday, reaching $23.63. The company’s stock had a trading volume of 18,123 shares, compared to its average volume of 22,254. China Fund Inc has a 12-month low of $15.37 and a 12-month high of $23.63. The firm has a market capitalization of $371.37, a PE ratio of 4.73 and a beta of 0.95.

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

A number of institutional investors have recently made changes to their positions in the business. City of London Investment Management Co. Ltd. grew its stake in China Fund by 0.3% in 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 acquiring an additional 10,000 shares during the period. Wells Fargo & Company MN grew its stake 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 acquiring an additional 43,169 shares during the period. Karpus Management Inc. grew its stake 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 valued at $5,498,000 after acquiring an additional 21,421 shares during the period. Finally, Royal Bank of Canada grew its stake 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 acquiring an additional 6,863 shares during the period.

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China Fund Company Profile

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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