The China Fund, Inc. (NYSE:CHN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.24 and traded as high as $13.33. The China Fund shares last traded at $13.21, with a volume of 133,861 shares changing hands.
The China Fund Trading Up 3.7 %
The stock’s fifty day moving average price is $9.93 and its two-hundred day moving average price is $10.24.
Hedge Funds Weigh In On The China Fund
A number of institutional investors have recently modified their holdings of CHN. Able Wealth Management LLC acquired a new position in The China Fund during the 4th quarter worth approximately $32,000. Wolverine Asset Management LLC bought a new position in shares of The China Fund in the 2nd quarter valued at $390,000. Shaker Financial Services LLC boosted its holdings in shares of The China Fund by 45.4% during the 2nd quarter. Shaker Financial Services LLC now owns 75,695 shares of the investment management company’s stock valued at $766,000 after acquiring an additional 23,626 shares in the last quarter. Karpus Management Inc. grew its position in The China Fund by 41.2% during the 4th quarter. Karpus Management Inc. now owns 84,791 shares of the investment management company’s stock worth $861,000 after acquiring an additional 24,751 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in The China Fund by 0.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,030,382 shares of the investment management company’s stock worth $10,427,000 after acquiring an additional 7,307 shares during the last quarter.
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.
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