The China Fund (NYSE:CHN) Stock Price Passes Above 200-Day Moving Average – What’s Next?

The China Fund, Inc. (NYSE:CHN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.16 and traded as high as $12.11. The China Fund shares last traded at $11.93, with a volume of 16,195 shares changing hands.

The China Fund Stock Performance

The firm’s 50-day simple moving average is $12.22 and its 200 day simple moving average is $11.17.

The China Fund Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a dividend of $0.1497 per share. The ex-dividend date is Monday, December 30th. This represents a yield of 0.2%. This is an increase from The China Fund’s previous annual dividend of $0.02.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of The China Fund during the 3rd quarter worth approximately $5,812,000. Wolverine Asset Management LLC acquired a new position in The China Fund during the second quarter worth $390,000. Finally, Shaker Financial Services LLC boosted its position in The China Fund by 45.4% during the second quarter. Shaker Financial Services LLC now owns 75,695 shares of the investment management company’s stock worth $766,000 after purchasing an additional 23,626 shares in 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.