Morgan Stanley China A Share Fund (NYSE:CAF) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.45 and traded as high as $12.93. Morgan Stanley China A Share Fund shares last traded at $12.79, with a volume of 52,061 shares changing hands.

Morgan Stanley China A Share Fund Trading Up 1.8 %

The firm’s fifty day moving average is $12.52 and its 200-day moving average is $12.46.

Morgan Stanley China A Share Fund Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.3272 per share. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from Morgan Stanley China A Share Fund’s previous annual dividend of $0.12. This represents a yield of 1%.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

Several hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp acquired a new stake in Morgan Stanley China A Share Fund during the 4th quarter worth approximately $320,000. Shaker Financial Services LLC lifted its position in shares of Morgan Stanley China A Share Fund by 20.9% in the 4th quarter. Shaker Financial Services LLC now owns 37,588 shares of the investment management company’s stock worth $468,000 after purchasing an additional 6,500 shares during the period. Cohen & Steers Inc. acquired a new position in shares of Morgan Stanley China A Share Fund in the 4th quarter worth approximately $336,000. Raymond James Financial Inc. acquired a new position in shares of Morgan Stanley China A Share Fund in the 4th quarter worth approximately $138,000. Finally, Wolverine Asset Management LLC lifted its position in shares of Morgan Stanley China A Share Fund by 88.2% in the 4th quarter. Wolverine Asset Management LLC now owns 83,378 shares of the investment management company’s stock worth $1,039,000 after purchasing an additional 39,075 shares during the period.

Morgan Stanley China A Share Fund Company Profile

Morgan Stanley China A Share Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc It is co-managed by Morgan Stanley Investment Management Company. The fund invests in the public equity markets of China. It seeks to invest in the stocks of companies operating across diversified sectors.