Morgan Stanley China A Share Fund (NYSE:CAF) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.58 and traded as high as $17.46. Morgan Stanley China A Share Fund shares last traded at $17.23, with a volume of 3,292 shares.

Morgan Stanley China A Share Fund Trading Down 0.8%

The company’s 50-day moving average is $16.58 and its 200 day moving average is $15.46.

Morgan Stanley China A Share Fund Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.2629 per share. This represents a yield of 154.0%. The ex-dividend date is Friday, December 19th.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

A number of hedge funds have recently modified their holdings of the business. Acuitas Investments LLC acquired a new stake in Morgan Stanley China A Share Fund in the 3rd quarter valued at about $81,000. Osaic Holdings Inc. grew its position in shares of Morgan Stanley China A Share Fund by 39.6% in the second quarter. Osaic Holdings Inc. now owns 9,368 shares of the investment management company’s stock valued at $129,000 after purchasing an additional 2,658 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Morgan Stanley China A Share Fund in the first quarter valued at approximately $131,000. Susquehanna International Group LLP lifted its position in Morgan Stanley China A Share Fund by 17.7% during the third quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock worth $233,000 after buying an additional 2,105 shares in the last quarter. Finally, Strs Ohio purchased a new position in Morgan Stanley China A Share Fund during the first quarter worth approximately $312,000.

Morgan Stanley China A Share Fund Company Profile

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.