The China Fund (NYSE:CHN) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

The China Fund, Inc. (NYSE:CHN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.79 and traded as high as $12.83. The China Fund shares last traded at $12.60, with a volume of 36,687 shares changing hands.

The China Fund Trading Down 1.4 %

The business has a 50-day moving average price of $12.09 and a 200 day moving average price of $11.79.

The China Fund Increases Dividend

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

Institutional Trading of The China Fund

Several hedge funds and other institutional investors have recently bought and sold shares of CHN. Public Employees Retirement System of Ohio purchased a new stake in The China Fund during the 3rd quarter valued at $5,812,000. Wolverine Asset Management LLC bought a new stake in shares of The China Fund in the fourth quarter valued at about $800,000. Farther Finance Advisors LLC bought a new stake in shares of The China Fund in the fourth quarter valued at about $299,000. Cohen & Steers Inc. bought a new stake in shares of The China Fund in the fourth quarter valued at about $306,000. Finally, Shaker Financial Services LLC grew its stake in The China Fund by 8.3% in the fourth quarter. Shaker Financial Services LLC now owns 68,086 shares of the investment management company’s stock valued at $822,000 after purchasing an additional 5,194 shares during the last quarter.

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.