The China Fund (NYSE:CHN) Shares Cross Above 200 Day Moving Average – Here’s Why

The China Fund, Inc. (NYSE:CHN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.39 and traded as high as $12.06. The China Fund shares last traded at $11.85, with a volume of 37,747 shares trading hands.

The China Fund Trading Down 0.6 %

The stock’s 50 day moving average is $11.84 and its 200 day moving average is $11.39.

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 given a $0.1497 dividend. This is a positive change from The China Fund’s previous annual dividend of $0.02. The ex-dividend date was Monday, December 30th. This represents a yield of 0.2%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in The China Fund stock. Wolverine Asset Management LLC purchased a new position in The China Fund, Inc. (NYSE:CHN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 67,043 shares of the investment management company’s stock, valued at approximately $800,000.

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.