Morgan Stanley China A Share Fund (NYSE:CAF) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.29 and traded as high as $12.97. Morgan Stanley China A Share Fund shares last traded at $12.90, with a volume of 39,698 shares trading hands.

Morgan Stanley China A Share Fund Stock Performance

The firm has a fifty day simple moving average of $12.32 and a two-hundred day simple moving average of $12.08.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

Several large investors have recently bought and sold shares of CAF. Karpus Management Inc. increased its stake in Morgan Stanley China A Share Fund by 1.0% during the first quarter. Karpus Management Inc. now owns 628,419 shares of the investment management company’s stock worth $7,566,000 after acquiring an additional 6,334 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of Morgan Stanley China A Share Fund by 49.6% in the 2nd quarter. Dakota Wealth Management now owns 19,374 shares of the investment management company’s stock worth $228,000 after purchasing an additional 6,420 shares during the period. Wolverine Asset Management LLC increased its position in shares of Morgan Stanley China A Share Fund by 18.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 58,930 shares of the investment management company’s stock valued at $692,000 after purchasing an additional 9,165 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Morgan Stanley China A Share Fund by 1.9% during 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 buying an additional 49,057 shares during the period. Finally, Matisse Capital raised its holdings in 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 valued at $2,174,000 after buying an additional 52,750 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.