Morgan Stanley China A Share Fund (NYSE:CAF) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 stock’s fifty day moving average price is $12.51 and its two-hundred day moving average price is $12.45.

Morgan Stanley China A Share Fund Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.3272 dividend. This represents a dividend yield of 1%. 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.

Hedge Funds Weigh In On Morgan Stanley China A Share Fund

A number of institutional investors have recently modified their holdings of the business. Dakota Wealth Management grew its position in Morgan Stanley China A Share Fund by 4.2% in the fourth quarter. Dakota Wealth Management now owns 20,614 shares of the investment management company’s stock valued at $257,000 after acquiring an additional 840 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Morgan Stanley China A Share Fund by 8.0% in the 3rd quarter. HighTower Advisors LLC now owns 13,881 shares of the investment management company’s stock valued at $186,000 after purchasing an additional 1,031 shares in the last quarter. Shaker Financial Services LLC grew its holdings in shares of Morgan Stanley China A Share Fund by 6.8% during the 3rd quarter. Shaker Financial Services LLC now owns 31,088 shares of the investment management company’s stock valued at $421,000 after purchasing an additional 1,987 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Morgan Stanley China A Share Fund during the 4th quarter worth approximately $138,000. Finally, Calamos Advisors LLC bought a new position in Morgan Stanley China A Share Fund in the 4th quarter valued at approximately $140,000.

About Morgan Stanley China A Share Fund

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.