The China Fund (NYSE:CHN) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

The China Fund, Inc. (NYSE:CHN)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.29 and traded as high as $12.01. The China Fund shares last traded at $11.86, with a volume of 14,345 shares traded.

The China Fund Stock Up 2.4 %

The business has a 50 day simple moving average of $11.83 and a 200-day simple moving average of $11.30.

The China Fund Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a $0.1497 dividend. This represents a yield of 0.2%. This is a positive change from The China Fund’s previous annual dividend of $0.02. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Trading of The China Fund

A hedge fund recently bought a new stake in The China Fund stock. Public Employees Retirement System of Ohio acquired a new stake in The China Fund, Inc. (NYSE:CHN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 456,219 shares of the investment management company’s stock, valued at approximately $5,812,000.

About The China Fund

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.