China Fund Inc (CHN) Shares Bought by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. lifted its stake in China Fund Inc (NYSE:CHN) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,919,903 shares of the investment management company’s stock after purchasing an additional 10,000 shares during the period. China Fund accounts for 5.8% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 5th largest position. City of London Investment Management Co. Ltd. owned 24.94% of China Fund worth $80,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Royal Bank of Canada grew its holdings 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 worth $174,000 after acquiring an additional 6,863 shares during the period.

In other China Fund news, major shareholder City Of London Investment Grou bought 4,667 shares of the stock in a transaction on Tuesday, November 21st. The stock was purchased at an average price of $22.04 per share, with a total value of $102,860.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 79,235 shares of company stock valued at $1,677,552 in the last ninety days.

Shares of China Fund Inc (NYSE:CHN) opened at $22.19 on Monday. China Fund Inc has a fifty-two week low of $14.44 and a fifty-two week high of $22.34.

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China Fund 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.

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Institutional Ownership by Quarter for China Fund (NYSE:CHN)

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