The China Fund, Inc. (NYSE:CHN – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.91 and traded as high as $10.16. The China Fund shares last traded at $10.13, with a volume of 6,023 shares.
The China Fund Stock Up 1.0 %
The firm has a fifty day moving average of $9.89 and a two-hundred day moving average of $9.91.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in CHN. Able Wealth Management LLC bought a new stake in shares of The China Fund during the 4th quarter valued at about $32,000. 1607 Capital Partners LLC boosted its position in shares of The China Fund by 6.8% during the 4th quarter. 1607 Capital Partners LLC now owns 336,422 shares of the investment management company’s stock valued at $3,418,000 after acquiring an additional 21,294 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of The China Fund by 466.0% during 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 during the last quarter. Karpus Management Inc. boosted its position in shares of 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 valued at $861,000 after acquiring an additional 24,751 shares during the last quarter. Finally, Choreo LLC bought a new stake in shares of The China Fund during the 4th quarter valued at about $389,000.
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.
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