The China Fund (NYSE:CHN) Share Price Crosses Above 200 Day Moving Average – Here’s Why

The China Fund, Inc. (NYSE:CHN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.20 and traded as high as $11.51. The China Fund shares last traded at $11.32, with a volume of 25,713 shares.

The China Fund Price Performance

The company’s 50-day simple moving average is $12.12 and its 200-day simple moving average is $11.20.

The China Fund Increases Dividend

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

Institutional Investors Weigh In On 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 position in shares of The China Fund, Inc. (NYSE:CHN) during the 3rd quarter, according to the company in its most recent 13F filing 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.

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.