Morgan Stanley China A Share Fund, Inc. $CAF Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its holdings in shares of Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) by 18.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,928,512 shares of the investment management company’s stock after selling 441,484 shares during the period. Lazard Asset Management LLC’s holdings in Morgan Stanley China A Share Fund were worth $33,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new position in Morgan Stanley China A Share Fund during the first quarter worth $39,000. Osaic Holdings Inc. raised its position in shares of Morgan Stanley China A Share Fund by 39.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,368 shares of the investment management company’s stock worth $129,000 after purchasing an additional 2,658 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Morgan Stanley China A Share Fund by 10.4% during the 2nd quarter. Cresset Asset Management LLC now owns 11,040 shares of the investment management company’s stock worth $152,000 after purchasing an additional 1,040 shares during the last quarter. Susquehanna International Group LLP lifted its stake in Morgan Stanley China A Share Fund by 17.7% in the 3rd quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock valued at $233,000 after buying an additional 2,105 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Morgan Stanley China A Share Fund by 73.9% in the 4th quarter. Royal Bank of Canada now owns 24,802 shares of the investment management company’s stock valued at $430,000 after buying an additional 10,543 shares in the last quarter.

Morgan Stanley China A Share Fund Trading Down 2.2%

CAF stock opened at $19.60 on Wednesday. Morgan Stanley China A Share Fund, Inc. has a 12-month low of $13.71 and a 12-month high of $21.41. The business’s 50-day moving average is $20.11 and its 200 day moving average is $18.79.

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.