City of London Investment Management Co. Ltd. trimmed its position in The China Fund, Inc. (NYSE:CHN – Free Report) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,466,180 shares of the investment management company’s stock after selling 14,970 shares during the quarter. The China Fund comprises approximately 3.0% of City of London Investment Management Co. Ltd.’s holdings, making the stock its 13th largest position. City of London Investment Management Co. Ltd.’s holdings in The China Fund were worth $35,078,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in The China Fund by 0.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,030,382 shares of the investment management company’s stock worth $10,427,000 after acquiring an additional 7,307 shares during the last quarter. Able Wealth Management LLC acquired a new position in shares of The China Fund during the 4th quarter worth about $32,000. Wolverine Asset Management LLC bought a new stake in The China Fund during the 2nd quarter valued at approximately $390,000. 1607 Capital Partners LLC increased its position in The China Fund by 6.8% in the 4th quarter. 1607 Capital Partners LLC now owns 336,422 shares of the investment management company’s stock worth $3,418,000 after buying an additional 21,294 shares during the period. Finally, Karpus Management Inc. increased its position in The China Fund by 41.2% in the 4th quarter. Karpus Management Inc. now owns 84,791 shares of the investment management company’s stock worth $861,000 after buying an additional 24,751 shares during the period.
The China Fund Price Performance
CHN opened at $9.52 on Monday. The business has a 50 day moving average of $9.80 and a 200-day moving average of $10.19. The China Fund, Inc. has a 1-year low of $9.00 and a 1-year high of $11.61.
The China Fund 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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