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

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) shares traded down 0.6% on Thursday . The company traded as low as $23.42 and last traded at $23.45. 60,458 shares changed 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 Price Performance

The firm has a market capitalization of $45.58 million, a price-to-earnings ratio of 17.30 and a beta of 0.53. The firm’s fifty day moving average is $24.19 and its 200 day moving average is $24.08.

iShares MSCI China Multisector Tech ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.4615 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 402.0%.

Institutional Investors Weigh In On iShares MSCI China Multisector Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in iShares MSCI China Multisector Tech ETF during the fourth quarter valued at approximately $152,000. Arete Wealth Advisors LLC bought a new position in shares of iShares MSCI China Multisector Tech ETF during the 3rd quarter valued at $2,215,000. Aviso Financial Inc. acquired a new stake in shares of iShares MSCI China Multisector Tech ETF in the 3rd quarter valued at $27,000. Osaic Holdings Inc. lifted its stake in shares of iShares MSCI China Multisector Tech ETF by 10,956.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock valued at $35,000 after purchasing an additional 1,753 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in iShares MSCI China Multisector Tech ETF in the second quarter worth $328,000.

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.