Lazard Asset Management LLC Trims Position in The China Fund, Inc. (NYSE:CHN)

Lazard Asset Management LLC cut its holdings in shares of The China Fund, Inc. (NYSE:CHN) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,175,373 shares of the investment management company’s stock after selling 13,828 shares during the quarter. Lazard Asset Management LLC’s holdings in The China Fund were worth $14,022,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in The China Fund during the 4th quarter worth approximately $299,000. Cohen & Steers Inc. purchased a new position in The China Fund during the 4th quarter worth approximately $306,000. Wolverine Asset Management LLC purchased a new position in The China Fund during the 4th quarter worth approximately $800,000. Finally, Shaker Financial Services LLC raised its position in The China Fund by 8.3% during the 4th quarter. Shaker Financial Services LLC now owns 68,086 shares of the investment management company’s stock worth $822,000 after buying an additional 5,194 shares during the last quarter.

The China Fund Price Performance

CHN opened at $12.56 on Wednesday. The China Fund, Inc. has a 12-month low of $9.29 and a 12-month high of $14.74. The firm has a 50 day moving average of $12.37 and a two-hundred day moving average of $12.25.

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.