China Fund Inc (CHN) Director Purchases $58,710.00 in Stock

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China Fund Inc (NYSE:CHN) Director Richard Silver bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was purchased at an average cost of $19.57 per share, for a total transaction of $58,710.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of CHN traded up $0.05 during trading hours on Friday, hitting $19.25. The stock had a trading volume of 100 shares, compared to its average volume of 23,043. China Fund Inc has a 12-month low of $19.14 and a 12-month high of $24.76.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Saba Capital Management L.P. raised its position in shares of China Fund by 48.9% in the 2nd quarter. Saba Capital Management L.P. now owns 99,443 shares of the investment management company’s stock worth $2,078,000 after buying an additional 32,649 shares during the period. Wells Fargo & Company MN raised its position in shares of China Fund by 0.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,093,750 shares of the investment management company’s stock worth $22,860,000 after buying an additional 6,435 shares during the period. Bulldog Investors LLC raised its position in shares of China Fund by 19.5% in the 1st quarter. Bulldog Investors LLC now owns 836,651 shares of the investment management company’s stock worth $18,523,000 after buying an additional 136,266 shares during the period. City of London Investment Management Co. Ltd. raised its position in shares of China Fund by 3.5% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 4,335,711 shares of the investment management company’s stock worth $96,795,000 after buying an additional 145,106 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of China Fund by 243.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,915 shares of the investment management company’s stock worth $287,000 after buying an additional 9,156 shares during the period.

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.

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