Saba Capital Management L.P. Sells 108,774 Shares of Morgan Stanley China A Share Fund, Inc. $CAF

Saba Capital Management L.P. lowered its stake in shares of Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) by 17.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Cresset Asset Management LLC lifted its holdings in 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 buying an additional 1,040 shares during the period. Susquehanna International Group LLP grew its holdings in shares of Morgan Stanley China A Share Fund by 17.7% during the 3rd 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 period. Fifth Third Bancorp purchased a new position in shares of Morgan Stanley China A Share Fund during the 1st quarter worth approximately $39,000. Osaic Holdings Inc. raised its position in shares of Morgan Stanley China A Share Fund by 39.6% in the 2nd 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. Finally, Lazard Asset Management LLC raised its position in shares of 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 worth $38,354,000 after acquiring an additional 9,909 shares in the last quarter.

Morgan Stanley China A Share Fund Stock Performance

CAF opened at $20.02 on Tuesday. Morgan Stanley China A Share Fund, Inc. has a 52 week low of $13.71 and a 52 week high of $21.41. The business has a 50 day moving average of $20.11 and a 200-day moving average of $18.78.

Morgan Stanley China A Share Fund Company 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.