iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Trading Down 0.6% – Should You Sell?

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) fell 0.6% on Thursday . The stock traded as low as $23.42 and last traded at $23.45. 60,458 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 37,194 shares. The stock had previously closed at $23.60.

iShares MSCI China Multisector Tech ETF Stock Performance

The stock has a market capitalization of $44.56 million, a P/E ratio of 17.30 and a beta of 0.53. The stock has a 50-day moving average price of $24.18 and a two-hundred day moving average price of $24.06.

iShares MSCI China Multisector Tech ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $0.4615 dividend. The ex-dividend date was Tuesday, December 16th. This represents a yield of 402.0%.

Institutional Investors Weigh In On iShares MSCI China Multisector Tech ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Aviso Financial Inc. bought a new stake in shares of iShares MSCI China Multisector Tech ETF during the 3rd quarter valued at about $27,000. Osaic Holdings Inc. raised its stake in iShares MSCI China Multisector Tech ETF by 10,956.3% in the second quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock worth $35,000 after buying an additional 1,753 shares in the last quarter. Jane Street Group LLC purchased a new stake in iShares MSCI China Multisector Tech ETF in the second quarter worth about $328,000. Flow Traders U.S. LLC bought a new stake in iShares MSCI China Multisector Tech ETF during the 2nd quarter valued at approximately $1,281,000. Finally, Arete Wealth Advisors LLC bought a new stake in iShares MSCI China Multisector Tech ETF during the 3rd quarter valued at approximately $2,215,000.

About iShares MSCI China Multisector Tech ETF

The iShares MSCI China Multisector Tech ETF (TCHI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries. TCHI was launched on Jan 25, 2022 and is managed by BlackRock.