Guess Who Picked Jpmorgan China Region Fund Inc. (NYSE:JFC) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Jpmorgan China Region Fund Inc. (NYSE:JFC) reported that Bulldog Investors has picked up 669,042 of common stock as of 2017-03-22.

The acquisition brings the aggregate amount owned by Bulldog Investors to a total of 669,042 representing a 10.38% stake in the company.

For those not familiar with the company, JPMorgan China Region Fund, Inc. is a non-diversified closed-end management investment company. The Fund seeks to achieve long-term capital appreciation through investments primarily in equity securities of companies with substantial assets in, or revenues derived from, the People’s Republic of China (China), Hong Kong, Taiwan and Macau, collectively, the China Region. The Fund invests in various industries, including aerospace and defense, airlines, automobiles, banks, beverages, capital markets, chemicals, commercial services and supplies, construction and engineering, diversified consumer services, diversified telecommunication services, healthcare providers and services, hotels, restaurants and leisure, independent power and renewable electricity producers, insurance, Internet software and services, leisure products, machinery, media, food and staples retailing, gas utilities and pharmaceuticals. The Fund’s investment advisor is JF International Management Inc.

A glance at Jpmorgan China Region Fund Inc. (NYSE:JFC)’s key stats reveals a current market capitalization of 115.61 Million based on 6.45 Million shares outstanding and a price at last close of $18.08 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-09-12, Hass picked up 1,000 at a purchase price of $17.75. This brings their total holding to 1,000 as of the date of the filing.

On the sell side, the most recent transaction saw Hass unload 1,000 shares at a sale price of $17.55. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Jpmorgan China Region Fund Inc. (NYSE:JFC) as things move forward to see if its progress aligns with these transactions.

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