Insider Selling: Aberdeen Chile Fund, Inc. (CH) Major Shareholder Sells $20,331.50 in Stock

Aberdeen Chile Fund, Inc. (NYSEAMERICAN:CH) major shareholder Bulldog Investors, Llc sold 2,590 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $7.85, for a total transaction of $20,331.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Bulldog Investors, Llc also recently made the following trade(s):

  • On Wednesday, November 8th, Bulldog Investors, Llc sold 2,300 shares of Aberdeen Chile Fund stock. The stock was sold at an average price of $8.86, for a total transaction of $20,378.00.
  • On Friday, October 6th, Bulldog Investors, Llc sold 27,181 shares of Aberdeen Chile Fund stock. The stock was sold at an average price of $8.99, for a total transaction of $244,357.19.

Shares of Aberdeen Chile Fund, Inc. (CH) traded up $0.02 during trading hours on Friday, hitting $7.75. 5,617 shares of the stock traded hands, compared to its average volume of 32,142. Aberdeen Chile Fund, Inc. has a 52 week low of $5.89 and a 52 week high of $9.10.

Several large investors have recently made changes to their positions in the company. Sii Investments Inc. WI acquired a new stake in Aberdeen Chile Fund in the third quarter valued at $129,000. Icon Advisers Inc. Co. acquired a new stake in Aberdeen Chile Fund in the third quarter valued at $236,000. Wells Fargo & Company MN increased its holdings in Aberdeen Chile Fund by 1,172.2% in the second quarter. Wells Fargo & Company MN now owns 41,345 shares of the company’s stock valued at $293,000 after purchasing an additional 38,095 shares during the period. Karpus Management Inc. acquired a new stake in Aberdeen Chile Fund in the third quarter valued at $462,000. Finally, City of London Investment Management Co. Ltd. increased its holdings in Aberdeen Chile Fund by 123.4% in the second quarter. City of London Investment Management Co. Ltd. now owns 367,229 shares of the company’s stock valued at $2,602,000 after purchasing an additional 202,847 shares during the period.

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About Aberdeen Chile Fund

Aberdeen Chile Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek total return, consisting of capital appreciation and income, by investing primarily in Chilean securities. The Fund invests in a range of sectors, including financials, consumer staples, utilities, consumer discretionary, materials, energy, information technology, telecommunication services, healthcare, real estate and industrials.

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