Saba Capital Management L.P. reduced its stake in Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Free Report) by 17.1% during the first quarter, HoldingsChannel.com reports. The firm owned 526,179 shares of the investment management company’s stock after selling 108,774 shares during the quarter. Saba Capital Management L.P.’s holdings in Morgan Stanley China A Share Fund were worth $9,208,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp purchased a new position in Morgan Stanley China A Share Fund during the first quarter valued at $39,000. Osaic Holdings Inc. boosted its holdings in Morgan Stanley China A Share Fund by 39.6% in the second quarter. Osaic Holdings Inc. now owns 9,368 shares of the investment management company’s stock worth $129,000 after acquiring an additional 2,658 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of Morgan Stanley China A Share Fund by 10.4% in the second quarter. Cresset Asset Management LLC now owns 11,040 shares of the investment management company’s stock worth $152,000 after acquiring an additional 1,040 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Morgan Stanley China A Share Fund by 17.7% in the third quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock worth $233,000 after acquiring an additional 2,105 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Morgan Stanley China A Share Fund by 73.9% during the fourth quarter. Royal Bank of Canada now owns 24,802 shares of the investment management company’s stock valued at $430,000 after acquiring an additional 10,543 shares in the last quarter.
Morgan Stanley China A Share Fund Stock Performance
Shares of NYSE:CAF opened at $20.02 on Tuesday. The business has a fifty day moving average price of $20.11 and a 200-day moving average price of $18.78. Morgan Stanley China A Share Fund, Inc. has a 1-year low of $13.71 and a 1-year high of $21.41.
Morgan Stanley China A Share Fund Profile
The Morgan Stanley China A Share Fund (NYSE: CAF) is a closed-end investment fund designed to provide U.S. investors with direct exposure to China A-share equities. Primarily focused on mainland China’s onshore stock market, the fund seeks total return through capital appreciation and current income by investing in a diversified portfolio of common stocks, depositary receipts, warrants and other equity-related securities of issuers domiciled in or conducting the majority of their business operations in China.
Launched in the mid-2000s, the fund was established to capitalize on China’s gradual opening of its domestic equity markets to foreign investors.
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Want to see what other hedge funds are holding CAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Free Report).
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