First Wilshire Securities Management Inc. Sells 1,236 Shares of The China Fund, Inc. (NYSE:CHN)

First Wilshire Securities Management Inc. lessened its position in The China Fund, Inc. (NYSE:CHN) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,566 shares of the investment management company’s stock after selling 1,236 shares during the period. First Wilshire Securities Management Inc.’s holdings in The China Fund were worth $174,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CHN. Public Employees Retirement System of Ohio purchased a new stake in shares of The China Fund during the third quarter worth about $5,812,000. Wolverine Asset Management LLC purchased a new position in The China Fund during the 4th quarter valued at about $800,000. Finally, Farther Finance Advisors LLC bought a new position in The China Fund during the 4th quarter valued at approximately $299,000.

The China Fund Trading Down 0.2 %

NYSE CHN opened at $12.81 on Wednesday. The China Fund, Inc. has a fifty-two week low of $9.29 and a fifty-two week high of $14.74. The stock has a 50 day simple moving average of $12.79 and a two-hundred day simple moving average of $12.33.

About The China Fund

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.