iShares MSCI China ETF $MCHI Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 24.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,226 shares of the company’s stock after selling 46,823 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.13% of iShares MSCI China ETF worth $8,271,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MCHI. Bank of America Corp DE boosted its position in iShares MSCI China ETF by 855.9% during the 3rd quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock valued at $97,439,000 after purchasing an additional 1,324,910 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of iShares MSCI China ETF in the 1st quarter worth approximately $54,607,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares MSCI China ETF by 19,983.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 916,424 shares of the company’s stock worth $55,050,000 after acquiring an additional 911,861 shares in the last quarter. Phoenix Financial Ltd. boosted its holdings in shares of iShares MSCI China ETF by 164.6% in the fourth quarter. Phoenix Financial Ltd. now owns 1,322,800 shares of the company’s stock worth $79,461,000 after buying an additional 822,800 shares during the period. Finally, Temasek Holdings Private Ltd acquired a new stake in shares of iShares MSCI China ETF in the fourth quarter worth $44,741,000.

iShares MSCI China ETF Stock Up 0.3%

MCHI stock opened at $56.09 on Wednesday. iShares MSCI China ETF has a 12-month low of $49.88 and a 12-month high of $67.37. The company has a 50 day moving average of $53.59 and a two-hundred day moving average of $56.89. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 13.11 and a beta of 0.33.

iShares MSCI China ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.3613 dividend. The ex-dividend date of this dividend was Monday, June 15th.

About iShares MSCI China ETF

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.