China Fund (NYSE:CHN) Share Price Crosses Above 200 Day Moving Average of $19.88
Shares of China Fund Inc (NYSE:CHN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.88 and traded as high as $21.50. China Fund shares last traded at $21.33, with a volume of 720 shares changing hands.
The business’s 50 day moving average price is $20.54 and its 200-day moving average price is $19.88.
An institutional investor recently raised its position in China Fund stock. Wells Fargo & Company MN lifted its position in China Fund Inc (NYSE:CHN) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 970,963 shares of the investment management company’s stock after purchasing an additional 33,125 shares during the quarter. Wells Fargo & Company MN’s holdings in China Fund were worth $19,652,000 at the end of the most recent reporting period.
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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