iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI – Get Free Report) shares traded up 0.5% on Tuesday . The stock traded as high as $24.78 and last traded at $24.73. 10,949 shares traded hands during trading, a decline of 52% from the average session volume of 22,773 shares. The stock had previously closed at $24.60.
iShares MSCI China Multisector Tech ETF Stock Performance
The firm has a market capitalization of $46.38 million, a P/E ratio of 17.30 and a beta of 0.61. The firm has a 50 day moving average price of $23.13 and a two-hundred day moving average price of $23.70.
Institutional Investors Weigh In On iShares MSCI China Multisector Tech ETF
Large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of iShares MSCI China Multisector Tech ETF by 457.4% in the first quarter. Royal Bank of Canada now owns 7,514 shares of the company’s stock worth $162,000 after buying an additional 6,166 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of iShares MSCI China Multisector Tech ETF by 95.4% during the first quarter. PNC Financial Services Group Inc. now owns 12,700 shares of the company’s stock worth $273,000 after acquiring an additional 6,200 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of iShares MSCI China Multisector Tech ETF during the fourth quarter worth $1,027,000. GWN Securities Inc. purchased a new stake in shares of iShares MSCI China Multisector Tech ETF during the fourth quarter worth $278,000. Finally, Cibc World Market Inc. bought a new position in iShares MSCI China Multisector Tech ETF during the fourth quarter valued at about $704,000.
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.
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