The China Fund (NYSE:CHN) Stock Crosses 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 Wednesday . The stock has a 200-day moving average of $12.79 and traded as high as $16.00. The China Fund shares last traded at $15.97, with a volume of 11,634 shares changing hands.

The China Fund Trading Up 0.6%

The company’s fifty day moving average price is $13.81 and its 200 day moving average price is $12.81.

Institutional Trading of The China Fund

A number of hedge funds have recently added to or reduced their stakes in CHN. Cohen & Steers Inc. acquired a new stake in The China Fund in the fourth quarter valued at approximately $306,000. Shaker Financial Services LLC boosted its position 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 buying an additional 5,194 shares in the last quarter. Vista Investment Management lifted its holdings in shares of The China Fund by 5.7% during the fourth quarter. Vista Investment Management now owns 27,850 shares of the investment management company’s stock worth $332,000 after purchasing an additional 1,500 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of The China Fund by 9.7% during the first quarter. Farther Finance Advisors LLC now owns 27,525 shares of the investment management company’s stock worth $352,000 after purchasing an additional 2,433 shares during the period. Finally, Matisse Capital lifted its holdings in shares of The China Fund by 653.4% during the first quarter. Matisse Capital now owns 104,905 shares of the investment management company’s stock worth $1,347,000 after purchasing an additional 90,981 shares during the period.

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.