The China Fund, Inc. (NYSE:CHN) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lessened its holdings in shares of The China Fund, Inc. (NYSE:CHN) by 5.9% in the 1st quarter, Holdings Channel reports. The fund owned 1,258,960 shares of the investment management company’s stock after selling 79,431 shares during the quarter. Lazard Asset Management LLC’s holdings in The China Fund were worth $12,577,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. City of London Investment Management Co. Ltd. boosted its holdings in shares of The China Fund by 5.8% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 3,571,599 shares of the investment management company’s stock worth $36,287,000 after purchasing an additional 197,315 shares during the last quarter. Choreo LLC acquired a new position in The China Fund during the fourth quarter worth $389,000. Karpus Management Inc. grew its holdings 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 valued at $861,000 after buying an additional 24,751 shares in the last quarter. 1607 Capital Partners LLC increased its stake in shares of 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 acquiring an additional 21,294 shares during the last quarter. Finally, Able Wealth Management LLC purchased a new position in shares of The China Fund during the 4th quarter worth $32,000.

The China Fund Trading Up 0.5 %

Shares of CHN traded up $0.05 during mid-day trading on Friday, reaching $9.70. The stock had a trading volume of 9,431 shares, compared to its average volume of 27,025. The China Fund, Inc. has a 52-week low of $9.00 and a 52-week high of $12.50. The business’s fifty day moving average is $10.43 and its 200 day moving average is $10.13.

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.