The China Fund, Inc. (NYSE:CHN – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.91 and traded as high as $11.03. The China Fund shares last traded at $11.02, with a volume of 60,658 shares trading hands.
The China Fund Stock Performance
The firm’s 50 day moving average is $10.03 and its 200 day moving average is $9.92.
Institutional Investors Weigh In On The China Fund
Hedge funds have recently added to or reduced their stakes in the stock. City of London Investment Management Co. Ltd. grew its holdings in shares of The China Fund by 2.2% during the third quarter. City of London Investment Management Co. Ltd. now owns 3,374,284 shares of the investment management company’s stock valued at $35,666,000 after buying an additional 71,428 shares during the last quarter. Wolverine Asset Management LLC lifted its position in The China Fund by 466.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 27,976 shares of the investment management company’s stock valued at $296,000 after acquiring an additional 23,033 shares in the last quarter. 1607 Capital Partners LLC lifted its position in The China Fund by 19.9% in the 3rd quarter. 1607 Capital Partners LLC now owns 315,128 shares of the investment management company’s stock valued at $3,331,000 after acquiring an additional 52,224 shares in the last quarter. Choreo LLC purchased a new stake in The China Fund during the 4th quarter valued at $389,000. Finally, Karpus Management Inc. increased its holdings in shares of The China Fund by 41.2% in the 4th quarter. Karpus Management Inc. now owns 84,791 shares of the investment management company’s stock worth $861,000 after purchasing an additional 24,751 shares in 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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