The China Fund (NYSE:CHN) Share Price Passes Above 200-Day Moving Average – Time to Sell?

The China Fund, Inc. (NYSE:CHN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.49 and traded as high as $12.41. The China Fund shares last traded at $12.32, with a volume of 33,000 shares.

The China Fund Price Performance

The stock has a fifty day moving average price of $11.89 and a two-hundred day moving average price of $11.49.

The China Fund Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were given a $0.1497 dividend. The ex-dividend date was Monday, December 30th. This represents a dividend yield of 0.2%. This is an increase from The China Fund’s previous annual dividend of $0.02.

Institutional Investors Weigh In On The China Fund

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in shares of The China Fund during the 4th quarter worth about $299,000. Wolverine Asset Management LLC purchased a new position in The China Fund in the fourth quarter valued at about $800,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of The China Fund during the third quarter worth about $5,812,000.

About The China Fund

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.