The China Fund (NYSE:CHN) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of The China Fund, Inc. (NYSE:CHN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.09 and traded as high as $12.18. The China Fund shares last traded at $12.18, with a volume of 49,568 shares traded.

The China Fund Trading Up 0.5 %

The business’s fifty day moving average is $12.27 and its 200 day moving average is $11.09.

The China Fund Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a $0.1497 dividend. This represents a dividend yield of 0.2%. This is a positive change from The China Fund’s previous annual dividend of $0.02. The ex-dividend date of this dividend is Monday, December 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in The China Fund by 0.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,030,382 shares of the investment management company’s stock valued at $10,427,000 after acquiring an additional 7,307 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of The China Fund in the second quarter valued at approximately $390,000. Public Employees Retirement System of Ohio bought a new stake in shares of The China Fund in the third quarter worth $5,812,000. Finally, Shaker Financial Services LLC boosted its holdings in The China Fund by 45.4% during the second quarter. Shaker Financial Services LLC now owns 75,695 shares of the investment management company’s stock worth $766,000 after purchasing an additional 23,626 shares during the last quarter.

The China Fund Company Profile

The China Fund, Inc is a closed ended equity mutual fund launched and managed by Allianz Global Investors U.S. LLC. It invests in the public equity markets of China that includes the People's Republic of China, Hong Kong, and Taiwan. The fund invests in stocks of companies operating across diversified sectors.