PNC Financial Services Group Inc. Trims Position in iShares MSCI China ETF $MCHI

PNC Financial Services Group Inc. decreased its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 62.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 19,310 shares of the company’s stock after selling 32,021 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI China ETF were worth $1,085,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Morgan Stanley raised its holdings in iShares MSCI China ETF by 16.5% in the 4th quarter. Morgan Stanley now owns 3,366,959 shares of the company’s stock valued at $202,253,000 after acquiring an additional 476,032 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of iShares MSCI China ETF by 21.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,269,856 shares of the company’s stock worth $136,350,000 after purchasing an additional 406,236 shares during the period. Bank of America Corp DE boosted its holdings in shares of iShares MSCI China ETF by 855.9% during the third quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock worth $97,439,000 after purchasing an additional 1,324,910 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares MSCI China ETF by 3.9% during the fourth quarter. LPL Financial LLC now owns 1,418,246 shares of the company’s stock worth $85,194,000 after purchasing an additional 53,506 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its holdings in shares of iShares MSCI China ETF by 124.5% during the fourth quarter. OLD Mission Capital LLC now owns 1,336,823 shares of the company’s stock worth $80,303,000 after purchasing an additional 741,450 shares during the last quarter.

iShares MSCI China ETF Stock Up 0.5%

Shares of NASDAQ:MCHI opened at $55.79 on Friday. The company has a market cap of $6.29 billion, a P/E ratio of 13.11 and a beta of 0.33. iShares MSCI China ETF has a 52 week low of $49.88 and a 52 week high of $67.37. The business has a fifty day simple moving average of $53.58 and a 200-day simple moving average of $57.05.

iShares MSCI China ETF Dividend Announcement

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

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.