Y Intercept Hong Kong Ltd Buys New Stake in iShares MSCI China ETF $MCHI

Y Intercept Hong Kong Ltd purchased a new position in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the third quarter, Holdings Channel reports. The fund purchased 24,471 shares of the company’s stock, valued at approximately $1,611,000.

Other large investors have also recently bought and sold shares of the company. Avalon Capital Management bought a new position in shares of iShares MSCI China ETF in the third quarter valued at approximately $967,000. GAMMA Investing LLC boosted its stake in iShares MSCI China ETF by 10.4% during the third quarter. GAMMA Investing LLC now owns 178,521 shares of the company’s stock valued at $11,756,000 after buying an additional 16,772 shares in the last quarter. Monument Capital Management bought a new position in iShares MSCI China ETF during the third quarter valued at about $1,739,000. TBH Global Asset Management LLC acquired a new position in iShares MSCI China ETF during the third quarter worth about $1,269,000. Finally, Schroder Investment Management Group bought a new stake in iShares MSCI China ETF in the second quarter worth about $6,522,000.

iShares MSCI China ETF Price Performance

NASDAQ MCHI opened at $64.23 on Friday. The company has a market capitalization of $8.23 billion, a P/E ratio of 13.11 and a beta of 0.26. iShares MSCI China ETF has a 12 month low of $44.71 and a 12 month high of $67.37. The company’s 50 day simple moving average is $61.90 and its 200 day simple moving average is $61.97.

iShares MSCI China 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 paid a $0.735 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 246.0%.

iShares MSCI China ETF 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.