Morgan Stanley China A Share Fund (NYSE:CAF) Shares Cross Above 50 Day Moving Average – What’s Next?

by · The Markets Daily

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.06 and traded as high as $18.06. Morgan Stanley China A Share Fund shares last traded at $17.9750, with a volume of 54,385 shares traded.

Morgan Stanley China A Share Fund Price Performance

The stock’s 50 day moving average is $17.06 and its two-hundred day moving average is $16.04.

Morgan Stanley China A Share Fund Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 19th were given a dividend of $0.2629 per share. The ex-dividend date was Friday, December 19th. This represents a yield of 154.0%.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAF. City of London Investment Management Co. Ltd. increased its stake in shares of Morgan Stanley China A Share Fund by 6.5% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 5,950,321 shares of the investment management company’s stock valued at $81,972,000 after buying an additional 364,709 shares during the period. Strs Ohio bought a new stake in shares of Morgan Stanley China A Share Fund during the 1st quarter valued at $312,000. Public Employees Retirement System of Ohio boosted its position in shares of Morgan Stanley China A Share Fund by 1.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 677,968 shares of the investment management company’s stock worth $11,288,000 after purchasing an additional 12,663 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of Morgan Stanley China A Share Fund by 109.0% during the third quarter. Cresset Asset Management LLC now owns 23,071 shares of the investment management company’s stock worth $384,000 after purchasing an additional 12,031 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in Morgan Stanley China A Share Fund by 0.4% in the third quarter. Lazard Asset Management LLC now owns 2,303,525 shares of the investment management company’s stock valued at $38,354,000 after purchasing an additional 9,909 shares during the last quarter.

Morgan Stanley China A Share Fund Company Profile

(Get Free Report)

The Morgan Stanley China A Share Fund (NYSE: CAF) is a closed-end investment fund designed to provide U.S. investors with direct exposure to China A-share equities. Primarily focused on mainland China’s onshore stock market, the fund seeks total return through capital appreciation and current income by investing in a diversified portfolio of common stocks, depositary receipts, warrants and other equity-related securities of issuers domiciled in or conducting the majority of their business operations in China.

Launched in the mid-2000s, the fund was established to capitalize on China’s gradual opening of its domestic equity markets to foreign investors.

Read More