ABERDEEN GRT CF (GCH) Major Shareholder City Of London Investment Grou Sells 20,000 Shares

ABERDEEN GRT CF (NYSE:GCH) major shareholder City Of London Investment Grou sold 20,000 shares of ABERDEEN GRT CF stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $12.34, for a total transaction of $246,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of ABERDEEN GRT CF (NYSE:GCH) opened at 12.17 on Wednesday. The firm has a 50-day moving average of $11.98 and a 200 day moving average of $11.36. ABERDEEN GRT CF has a 52 week low of $8.26 and a 52 week high of $12.38.

The company also recently declared a special dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 22nd were given a dividend of $0.073 per share. The ex-dividend date of this dividend was Thursday, September 21st. This is a positive change from ABERDEEN GRT CF’s previous special dividend of $0.05.

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An institutional investor recently bought a new position in ABERDEEN GRT CF stock. Shaker Financial Services LLC purchased a new stake in shares of ABERDEEN GRT CF (NYSE:GCH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,812 shares of the investment management company’s stock, valued at approximately $147,000. 49.62% of the stock is owned by hedge funds and other institutional investors.

ABERDEEN GRT CF Company Profile

Aberdeen Greater China Fund, Inc is a non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment in listed equity securities of companies that are organized under the laws of, and have their principal place of business in, China and/or Hong Kong and/or Taiwan, and during their recent fiscal year derived at least 50% of their revenues or profits from goods produced or sold, investments made or services performed in China and/or Hong Kong and/or Taiwan or have at least 50% of their assets in China and/or Hong Kong and/or Taiwan.

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