China Fund Inc (NYSE:CHN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.81 and traded as high as $20.64. China Fund shares last traded at $20.63, with a volume of 4,926 shares trading hands.
The firm has a 50-day simple moving average of $20.38 and a 200 day simple moving average of $19.81.
An institutional investor recently raised its position in China Fund stock. Wells Fargo & Company MN raised its position in China Fund Inc (NYSE:CHN) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 970,963 shares of the investment management company’s stock after purchasing an additional 33,125 shares during the quarter. Wells Fargo & Company MN’s holdings in China Fund were worth $19,652,000 as of its most recent SEC filing.
China Fund Company Profile (NYSE:CHN)
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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