Morgan Stanley lifted its position in China Fund Inc (NYSE:CHN) by 34.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,966 shares of the investment management company’s stock after purchasing an additional 9,166 shares during the quarter. Morgan Stanley’s holdings in China Fund were worth $664,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of CHN. City of London Investment Management Co. Ltd. raised its position in China Fund by 5.6% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 3,509,119 shares of the investment management company’s stock valued at $64,831,000 after purchasing an additional 185,052 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of China Fund by 11.0% in the 1st quarter. Wells Fargo & Company MN now owns 987,404 shares of the investment management company’s stock worth $18,227,000 after buying an additional 97,949 shares during the last quarter. Matisse Capital purchased a new position in China Fund during the first quarter valued at $773,000. Shaker Financial Services LLC lifted its position in China Fund by 10.3% during the first quarter. Shaker Financial Services LLC now owns 34,134 shares of the investment management company’s stock valued at $630,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in China Fund during the fourth quarter valued at $238,000.
NYSE:CHN opened at $24.68 on Friday. The business’s 50-day simple moving average is $23.41 and its two-hundred day simple moving average is $20.96. China Fund Inc has a 52 week low of $15.41 and a 52 week high of $25.74.
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.
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