Public Employees Retirement System of Ohio Buys Shares of 355,871 Morgan Stanley China A Share Fund, Inc. $CAF

Public Employees Retirement System of Ohio purchased a new position in shares of Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 355,871 shares of the investment management company’s stock, valued at approximately $7,488,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CAF. Allspring Global Investments Holdings LLC grew its holdings in shares of Morgan Stanley China A Share Fund by 10.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,847,716 shares of the investment management company’s stock valued at $32,335,000 after purchasing an additional 172,697 shares during the period. Sculptor Capital LP purchased a new position in Morgan Stanley China A Share Fund during the first quarter worth about $1,834,000. Lazard Asset Management LLC boosted its holdings in Morgan Stanley China A Share Fund by 0.4% in the 3rd quarter. Lazard Asset Management LLC now owns 2,303,525 shares of the investment management company’s stock valued at $38,354,000 after purchasing an additional 9,909 shares during the last quarter. Saba Capital Management L.P. boosted its holdings in Morgan Stanley China A Share Fund by 130.9% in the 4th quarter. Saba Capital Management L.P. now owns 634,953 shares of the investment management company’s stock valued at $11,023,000 after purchasing an additional 359,942 shares during the last quarter. Finally, Cohen & Steers Inc. grew its stake in shares of Morgan Stanley China A Share Fund by 67.6% in the 4th quarter. Cohen & Steers Inc. now owns 62,000 shares of the investment management company’s stock valued at $1,076,000 after buying an additional 25,000 shares during the period.

Morgan Stanley China A Share Fund Stock Performance

Shares of NYSE CAF opened at $19.02 on Wednesday. The company has a 50 day simple moving average of $19.84 and a 200-day simple moving average of $18.97. Morgan Stanley China A Share Fund, Inc. has a 1 year low of $14.90 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.