The China Fund (NYSE:CHN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

The China Fund, Inc. (NYSE:CHN)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

The China Fund Trading Down 2.4 %

The company has a 50 day moving average price of $12.22 and a 200 day moving average price of $11.17.

The China Fund Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be given 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 Trading of The China Fund

Several hedge funds have recently made changes to their positions in CHN. Wolverine Asset Management LLC acquired a new position in shares of The China Fund during the second quarter worth about $390,000. Shaker Financial Services LLC boosted its holdings in The China Fund by 45.4% in the 2nd quarter. Shaker Financial Services LLC now owns 75,695 shares of the investment management company’s stock valued at $766,000 after purchasing an additional 23,626 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in The China Fund during the 3rd quarter worth 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.