Allspring Global Investments Holdings LLC Reduces Holdings in The China Fund, Inc. (NYSE:CHN)

Allspring Global Investments Holdings LLC lowered its position in shares of The China Fund, Inc. (NYSE:CHN) by 8.6% during the fourth quarter, HoldingsChannel reports. The firm owned 826,080 shares of the investment management company’s stock after selling 77,260 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The China Fund were worth $9,855,000 as of its most recent SEC filing.

Separately, Public Employees Retirement System of Ohio purchased a new stake in shares of The China Fund during the third quarter valued at approximately $5,812,000.

The China Fund Price Performance

CHN stock opened at $12.97 on Wednesday. The China Fund, Inc. has a twelve month low of $9.29 and a twelve month high of $14.74. The firm has a 50 day simple moving average of $11.95 and a 200-day simple moving average of $11.60.

The China Fund Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were issued a dividend of $0.1497 per share. This is an increase from The China Fund’s previous annual dividend of $0.02. The ex-dividend date of this dividend was Monday, December 30th. This represents a dividend yield of 0.2%.

The China Fund Company 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.