iShares MSCI China ETF (NASDAQ:MCHI) Sets New 12-Month Low – Here’s What Happened

iShares MSCI China ETF (NASDAQ:MCHI)’s share price reached a new 52-week low on Wednesday . The company traded as low as $53.35 and last traded at $53.48, with a volume of 1544672 shares traded. The stock had previously closed at $54.13.

iShares MSCI China ETF Stock Performance

The company has a 50 day moving average of $56.56 and a two-hundred day moving average of $58.87. The stock has a market capitalization of $6.18 billion, a PE ratio of 13.11 and a beta of 0.32.

iShares MSCI China ETF Announces Dividend

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

Hedge Funds Weigh In On iShares MSCI China ETF

Hedge funds have recently modified their holdings of the stock. Financial Life Planners purchased a new position in shares of iShares MSCI China ETF in the 3rd quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new stake in iShares MSCI China ETF during the 3rd quarter worth approximately $34,000. Aventura Private Wealth LLC acquired a new position in iShares MSCI China ETF during the 4th quarter valued at approximately $38,000. Whittier Trust Co. acquired a new position in iShares MSCI China ETF during the 4th quarter valued at approximately $38,000. Finally, Advisory Services Network LLC purchased a new position in shares of iShares MSCI China ETF in the third quarter worth $39,000.

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.