Allspring Global Investments Holdings LLC trimmed its stake in shares of The China Fund, Inc. (NYSE:CHN – Free Report) by 12.3% during the third quarter, Holdings Channel reports. The institutional investor owned 903,340 shares of the investment management company’s stock after selling 127,042 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The China Fund were worth $11,509,000 at the end of the most recent reporting period.
Separately, Wolverine Asset Management LLC bought a new stake in The China Fund during the second quarter worth approximately $390,000.
The China Fund Stock Performance
CHN opened at $12.53 on Friday. The business has a 50 day moving average price of $11.21 and a two-hundred day moving average price of $10.64. The China Fund, Inc. has a 1-year low of $9.00 and a 1-year high of $14.74.
The 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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