Galvin Gaustad & Stein LLC Invests $11.21 Million in iShares MSCI China ETF (NASDAQ:MCHI)

Galvin Gaustad & Stein LLC acquired a new position in iShares MSCI China ETF (NASDAQ:MCHI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 239,248 shares of the company’s stock, valued at approximately $11,211,000. Galvin Gaustad & Stein LLC owned approximately 0.22% of iShares MSCI China ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in shares of iShares MSCI China ETF by 114.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock worth $50,000 after acquiring an additional 571 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of iShares MSCI China ETF in the fourth quarter valued at $656,000. 180 Wealth Advisors LLC lifted its holdings in shares of iShares MSCI China ETF by 14.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 25,545 shares of the company’s stock valued at $1,197,000 after purchasing an additional 3,194 shares in the last quarter. Ridgewood Investments LLC lifted its holdings in shares of iShares MSCI China ETF by 2.4% in the fourth quarter. Ridgewood Investments LLC now owns 21,694 shares of the company’s stock valued at $1,017,000 after purchasing an additional 500 shares in the last quarter. Finally, Boltwood Capital Management lifted its holdings in shares of iShares MSCI China ETF by 6.8% in the fourth quarter. Boltwood Capital Management now owns 11,850 shares of the company’s stock valued at $555,000 after purchasing an additional 750 shares in the last quarter.

iShares MSCI China ETF Stock Down 0.7 %

MCHI opened at $46.00 on Thursday. The stock has a fifty day moving average of $46.91 and a 200-day moving average of $45.92. The firm has a market capitalization of $4.93 billion, a P/E ratio of 10.76 and a beta of 0.49. iShares MSCI China ETF has a 12-month low of $35.90 and a 12-month high of $59.78.

iShares MSCI China ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.8911 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.