Matisse Capital lowered its position in The China Fund, Inc. (NYSE:CHN) by 32.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,434 shares of the investment management company’s stock after selling 40,070 shares during the quarter. Matisse Capital’s holdings in The China Fund were worth $2,545,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of CHN. UBS Group AG lifted its stake in The China Fund by 29.6% in the first quarter. UBS Group AG now owns 3,499 shares of the investment management company’s stock worth $103,000 after acquiring an additional 799 shares during the last quarter. Barclays PLC purchased a new position in The China Fund in the first quarter worth approximately $251,000. Stifel Financial Corp lifted its stake in The China Fund by 19.0% in the first quarter. Stifel Financial Corp now owns 12,849 shares of the investment management company’s stock worth $376,000 after acquiring an additional 2,055 shares during the last quarter. Finally, Morgan Stanley lifted its stake in The China Fund by 20.9% in the first quarter. Morgan Stanley now owns 42,717 shares of the investment management company’s stock worth $1,251,000 after acquiring an additional 7,388 shares during the last quarter.
The China Fund stock traded down $0.98 during trading on Monday, reaching $25.40. The stock had a trading volume of 1,008 shares, compared to its average volume of 10,845. The China Fund, Inc. has a 52-week low of $24.00 and a 52-week high of $34.99. The business has a 50 day moving average price of $27.82 and a 200 day moving average price of $28.92.
The China Fund, Inc is a non-diversified, closed-end management investment company. Its 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 China, or which derive a significant part of their revenue from China.
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