Shares of China Fund Inc (NYSE:CHN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.92 and traded as high as $19.83. China Fund shares last traded at $19.81, with a volume of 3,116 shares.
The business has a 50 day moving average of $19.80 and a 200 day moving average of $19.92.
An institutional investor recently raised its position in China Fund stock. Wells Fargo & Company MN grew its stake in shares of China Fund Inc (NYSE:CHN) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 970,963 shares of the investment management company’s stock after acquiring an additional 33,125 shares during the quarter. Wells Fargo & Company MN’s holdings in China Fund were worth $19,652,000 as of its most recent SEC filing.
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.
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