Greater China Fund, Inc. (GCH) Shares Sold by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. lowered its stake in shares of Greater China Fund, Inc. (NYSE:GCH) by 8.0% during the first quarter, HoldingsChannel reports. The firm owned 51,455 shares of the investment management company’s stock after selling 4,504 shares during the period. First Wilshire Securities Management Inc.’s holdings in Greater China Fund were worth $694,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bulldog Investors LLC increased its holdings in shares of Greater China Fund by 8.5% in the 1st quarter. Bulldog Investors LLC now owns 337,765 shares of the investment management company’s stock valued at $4,553,000 after acquiring an additional 26,593 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Greater China Fund by 85.8% in the 1st quarter. Wells Fargo & Company MN now owns 20,262 shares of the investment management company’s stock valued at $273,000 after acquiring an additional 9,356 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in shares of Greater China Fund in the 4th quarter valued at $107,000. 50.90% of the stock is currently owned by institutional investors.

Shares of Greater China Fund stock opened at $12.37 on Thursday. Greater China Fund, Inc. has a 12 month low of $10.59 and a 12 month high of $14.02.

Greater China Fund 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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Institutional Ownership by Quarter for Greater China Fund (NYSE:GCH)

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