Morgan Stanley China A Share Fund (NYSE:CAF) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.87 and traded as high as $16.49. Morgan Stanley China A Share Fund shares last traded at $16.42, with a volume of 70,425 shares trading hands.

Morgan Stanley China A Share Fund Price Performance

The business’s fifty day moving average price is $15.87 and its 200 day moving average price is $14.25.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Morgan Stanley China A Share Fund by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 16,124 shares of the investment management company’s stock worth $211,000 after purchasing an additional 1,105 shares in the last quarter. Strs Ohio acquired a new stake in Morgan Stanley China A Share Fund in the first quarter valued at $312,000. Cresset Asset Management LLC acquired a new stake in Morgan Stanley China A Share Fund in the 1st quarter valued at about $131,000. City of London Investment Management Co. Ltd. grew its position in shares of Morgan Stanley China A Share Fund by 2.1% in the first quarter. City of London Investment Management Co. Ltd. now owns 5,585,612 shares of the investment management company’s stock valued at $73,060,000 after purchasing an additional 113,062 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in Morgan Stanley China A Share Fund by 39.6% during the second quarter. Osaic Holdings Inc. now owns 9,368 shares of the investment management company’s stock worth $129,000 after buying an additional 2,658 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.