The China Fund (NYSE:CHN) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of The China Fund, Inc. (NYSE:CHN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.21 and traded as high as $13.23. The China Fund shares last traded at $13.14, with a volume of 4,790 shares traded.

The China Fund Stock Up 0.7 %

The company has a 50 day moving average of $12.67 and a two-hundred day moving average of $12.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vista Investment Management grew its stake in The China Fund by 5.7% during the 4th quarter. Vista Investment Management now owns 27,850 shares of the investment management company’s stock valued at $332,000 after acquiring an additional 1,500 shares in the last quarter. Shaker Financial Services LLC boosted its holdings in shares of The China Fund by 8.3% during the 4th quarter. Shaker Financial Services LLC now owns 68,086 shares of the investment management company’s stock worth $822,000 after purchasing an additional 5,194 shares during the last quarter. Cohen & Steers Inc. acquired a new position in shares of The China Fund during the 4th quarter worth approximately $306,000. Farther Finance Advisors LLC purchased a new stake in shares of The China Fund in the fourth quarter valued at approximately $299,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of The China Fund in the fourth quarter valued at approximately $800,000.

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.