The company is now up from yesterday’s close of $18.6. Company shares last traded at $18.83 slightly over $18.19, the stock’s 50 day moving average and a tad above the 200 day moving average of $16.73. The 50 day moving average went up $0.64 or +3.54% and the 200 day average went up $2.10 or +12.55%.
The China Fund, Inc. (the Fund), launched on April 28, 1992, is a non-diversified, closed-end management investment company. The Fund?s investment objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in the People?s Republic of China, or which derive a significant part of their revenue from the People?s Republic of China..
These firms have also modified their investment in CHN. Tower Research Capital LLC (trc) downsized its position by shedding 928 shares a decrease of 72.0%. Tower Research Capital LLC (trc) currently owns 361 shares with a value of $6,000. The value of the position overall is down by 71.4%. 1607 Capital Partners, LLC bolstered its investment by buying 72,798 shares an increase of 19.3% as of 03/31/2017. 1607 Capital Partners, LLC claims 450,220 shares valued at $7,481,000. The total value of its holdings increased 31.7%.
Raymond James & Associates reduced its holdings by shedding 228 shares a decrease of 0.3% in the quarter. Raymond James & Associates controls 90,290 shares worth $1,500,000. The value of the position overall is up by 10.1%. First Wilshire Securities Management Inc trimmed its ownership by shedding 1,010 shares a decrease of 1.2% from 12/31/2016 to 03/31/2017. First Wilshire Securities Management Inc now holds 81,377 shares worth $1,352,000. The value of the position overall is up by 9.0%.