Morgan Stanley China A Share Fund (NYSE:CAF) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.26 and traded as low as $12.18. Morgan Stanley China A Share Fund shares last traded at $12.59, with a volume of 18,923 shares.

Morgan Stanley China A Share Fund Stock Performance

The stock has a 50 day simple moving average of $12.83 and a 200 day simple moving average of $12.26.

Morgan Stanley China A Share Fund Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.3272 per share. This is a positive change from Morgan Stanley China A Share Fund’s previous annual dividend of $0.12. This represents a dividend yield of 1%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On Morgan Stanley China A Share Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Morgan Stanley China A Share Fund by 1.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,585,829 shares of the investment management company’s stock valued at $30,383,000 after purchasing an additional 49,057 shares in the last quarter. Matisse Capital lifted its position in shares of Morgan Stanley China A Share Fund by 39.9% during the 2nd quarter. Matisse Capital now owns 184,997 shares of the investment management company’s stock worth $2,174,000 after buying an additional 52,750 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Morgan Stanley China A Share Fund by 18.4% in the second quarter. Wolverine Asset Management LLC now owns 58,930 shares of the investment management company’s stock valued at $692,000 after buying an additional 9,165 shares in the last quarter. City of London Investment Management Co. Ltd. grew its position in Morgan Stanley China A Share Fund by 5.2% in the second quarter. City of London Investment Management Co. Ltd. now owns 5,946,342 shares of the investment management company’s stock valued at $69,870,000 after acquiring an additional 294,810 shares during the last quarter. Finally, Shaker Financial Services LLC raised its stake in Morgan Stanley China A Share Fund by 6.8% during the third quarter. Shaker Financial Services LLC now owns 31,088 shares of the investment management company’s stock worth $421,000 after acquiring an additional 1,987 shares in the last quarter.

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.