The China Fund, Inc. (NYSE:CHN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in The China Fund, Inc. (NYSE:CHN) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,123,354 shares of the investment management company’s stock after selling 82,947 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The China Fund were worth $11,413,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CHN. Bank of America Corp DE boosted its stake in The China Fund by 238.3% during the fourth quarter. Bank of America Corp DE now owns 12,119 shares of the investment management company’s stock worth $157,000 after buying an additional 8,537 shares during the last quarter. Wolverine Asset Management LLC raised its position in The China Fund by 466.0% in the third quarter. Wolverine Asset Management LLC now owns 27,976 shares of the investment management company’s stock valued at $296,000 after purchasing an additional 23,033 shares during the period. Morgan Stanley raised its position in The China Fund by 13.3% in the fourth quarter. Morgan Stanley now owns 24,503 shares of the investment management company’s stock valued at $317,000 after purchasing an additional 2,869 shares during the period. 1607 Capital Partners LLC raised its position in The China Fund by 19.9% in the third quarter. 1607 Capital Partners LLC now owns 315,128 shares of the investment management company’s stock valued at $3,331,000 after purchasing an additional 52,224 shares during the period. Finally, Lazard Asset Management LLC raised its position in The China Fund by 8.6% in the first quarter. Lazard Asset Management LLC now owns 1,630,723 shares of the investment management company’s stock valued at $24,069,000 after purchasing an additional 129,736 shares during the period.

The China Fund Stock Performance

NYSE:CHN opened at $9.68 on Wednesday. The China Fund, Inc. has a 52 week low of $9.00 and a 52 week high of $12.50. The stock’s fifty day moving average is $9.85 and its two-hundred day moving average is $9.93.

The China Fund 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.