HB Wealth Management LLC Invests $637,000 in iShares MSCI China ETF $MCHI

HB Wealth Management LLC purchased a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) during the third quarter, Holdings Channel reports. The fund purchased 9,667 shares of the company’s stock, valued at approximately $637,000.

Several other institutional investors and hedge funds have also modified their holdings of MCHI. Bogart Wealth LLC acquired a new position in iShares MSCI China ETF during the second quarter worth $28,000. Allworth Financial LP lifted its position in shares of iShares MSCI China ETF by 1,087.0% in the second quarter. Allworth Financial LP now owns 546 shares of the company’s stock worth $30,000 after buying an additional 500 shares during the last quarter. Huntington National Bank lifted its position in shares of iShares MSCI China ETF by 79,500.0% in the second quarter. Huntington National Bank now owns 796 shares of the company’s stock worth $44,000 after buying an additional 795 shares during the last quarter. Activest Wealth Management bought a new stake in shares of iShares MSCI China ETF during the 2nd quarter worth about $72,000. Finally, Ramirez Asset Management Inc. acquired a new position in shares of iShares MSCI China ETF during the 2nd quarter valued at about $149,000.

iShares MSCI China ETF Stock Performance

Shares of MCHI stock opened at $63.52 on Wednesday. The stock’s 50 day simple moving average is $62.00 and its 200 day simple moving average is $61.39. iShares MSCI China ETF has a twelve month low of $44.71 and a twelve month high of $67.37. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26.

iShares MSCI China ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.735 per share. This represents a yield of 246.0%. The ex-dividend date was Tuesday, December 16th.

iShares MSCI China ETF Company Profile

iShares MSCI China ETF, formerly iShares MSCI China Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the MSCI China Index (the Underlying Index). The Fund is designed to measure the performance of the top 85% of equity securities by market capitalization in the Chinese equity markets. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.