TIAA Trust National Association Makes New $1.76 Million Investment in iShares MSCI China ETF $MCHI

TIAA Trust National Association bought a new position in iShares MSCI China ETF (NASDAQ:MCHI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 26,727 shares of the company’s stock, valued at approximately $1,760,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Interchange Capital Partners LLC boosted its position in shares of iShares MSCI China ETF by 11.0% during the third quarter. Interchange Capital Partners LLC now owns 4,787 shares of the company’s stock valued at $315,000 after purchasing an additional 475 shares in the last quarter. Lake Street Private Wealth LLC raised its holdings in iShares MSCI China ETF by 1.0% in the third quarter. Lake Street Private Wealth LLC now owns 84,505 shares of the company’s stock worth $5,565,000 after purchasing an additional 823 shares in the last quarter. Acima Private Wealth LLC lifted its position in iShares MSCI China ETF by 2.5% during the third quarter. Acima Private Wealth LLC now owns 27,526 shares of the company’s stock valued at $1,813,000 after buying an additional 681 shares during the period. OneDigital Investment Advisors LLC purchased a new position in iShares MSCI China ETF during the third quarter valued at $241,000. Finally, Journey Advisory Group LLC boosted its holdings in shares of iShares MSCI China ETF by 9.7% during the 3rd quarter. Journey Advisory Group LLC now owns 147,299 shares of the company’s stock valued at $9,700,000 after buying an additional 13,040 shares in the last quarter.

iShares MSCI China ETF Price Performance

NASDAQ:MCHI opened at $59.06 on Friday. The firm’s 50-day moving average price is $61.62 and its 200-day moving average price is $62.44. The company has a market capitalization of $7.48 billion, a PE ratio of 13.11 and a beta of 0.26. iShares MSCI China ETF has a 1-year low of $44.71 and a 1-year high of $67.37.

iShares MSCI China ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $0.735 dividend. This represents a yield of 246.0%. The ex-dividend date was Tuesday, December 16th.

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.