SVB Wealth LLC Decreases Position in iShares MSCI China ETF (NASDAQ:MCHI)

SVB Wealth LLC reduced its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 35.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,009 shares of the company’s stock after selling 5,615 shares during the period. SVB Wealth LLC’s holdings in iShares MSCI China ETF were worth $398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in iShares MSCI China ETF during the 4th quarter worth $179,000. Millburn Ridgefield Corp increased its position in iShares MSCI China ETF by 2.4% during the fourth quarter. Millburn Ridgefield Corp now owns 16,732 shares of the company’s stock worth $682,000 after buying an additional 399 shares during the period. Wellington Management Group LLP lifted its stake in iShares MSCI China ETF by 69.4% in the fourth quarter. Wellington Management Group LLP now owns 285,202 shares of the company’s stock valued at $11,619,000 after buying an additional 116,887 shares during the last quarter. CWM LLC boosted its holdings in shares of iShares MSCI China ETF by 359.1% in the fourth quarter. CWM LLC now owns 2,176 shares of the company’s stock valued at $89,000 after acquiring an additional 1,702 shares during the period. Finally, Principal Securities Inc. purchased a new position in shares of iShares MSCI China ETF during the fourth quarter worth approximately $4,436,000.

iShares MSCI China ETF Trading Down 1.0 %

MCHI stock traded down $0.40 on Tuesday, hitting $40.73. The company’s stock had a trading volume of 481,059 shares, compared to its average volume of 3,684,396. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. The firm has a 50 day moving average of $43.33 and a two-hundred day moving average of $41.23. iShares MSCI China ETF has a 1 year low of $35.58 and a 1 year high of $49.94.

iShares MSCI China ETF Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a $0.1905 dividend. The ex-dividend date of this dividend was Tuesday, June 11th.

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.