China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou acquired 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was purchased at an average price of $22.46 per share, with a total value of $42,674.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Friday, December 29th, City Of London Investment Grou acquired 12,733 shares of China Fund stock. The stock was purchased at an average price of $21.53 per share, with a total value of $274,141.49.
  • On Wednesday, December 27th, City Of London Investment Grou acquired 8,512 shares of China Fund stock. The stock was purchased at an average price 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 price 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 price 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 price 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 price 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 price of $20.75 per share, with a total value of $160,605.00.
  • On Monday, December 4th, City Of London Investment Grou acquired 3,534 shares of China Fund stock. The stock was purchased at an average price of $21.41 per share, with a total value of $75,662.94.
  • On Friday, December 1st, City Of London Investment Grou acquired 7,000 shares of China Fund stock. The stock was purchased at an average price of $21.38 per share, with a total value of $149,660.00.
  • On Wednesday, November 29th, City Of London Investment Grou acquired 5,400 shares of China Fund stock. The stock was purchased at an average price of $21.65 per share, with a total value of $116,910.00.

Shares of China Fund Inc (NYSE CHN) traded down $0.10 on Wednesday, reaching $22.50. 28,173 shares of the company’s stock were exchanged, compared to its average volume of 21,415. The stock has a market cap of $353.76, a price-to-earnings ratio of 4.50 and a beta of 0.95. China Fund Inc has a 1-year low of $15.36 and a 1-year high of $22.68.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. City of London Investment Management Co. Ltd. raised its stake in China Fund by 0.3% during 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 buying an additional 10,000 shares during the last quarter. Wells Fargo & Company MN raised its stake in 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 valued at $21,409,000 after buying an additional 43,169 shares during the last quarter. Karpus Management Inc. raised its stake in China Fund by 8.6% during the 3rd quarter. Karpus Management Inc. now owns 270,174 shares of the investment management company’s stock valued at $5,498,000 after buying an additional 21,421 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in China Fund by 281.6% during the 2nd quarter. Royal Bank of Canada now owns 9,300 shares of the investment management company’s stock valued at $174,000 after buying an additional 6,863 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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