Hsbc Holdings PLC Boosts Position in iShares MSCI China ETF $MCHI

Hsbc Holdings PLC grew its position in iShares MSCI China ETF (NASDAQ:MCHI) by 210.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,233 shares of the company’s stock after buying an additional 48,949 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI China ETF were worth $4,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fosun International Ltd acquired a new stake in iShares MSCI China ETF in the 4th quarter valued at about $10,452,000. Jordan Park Group LLC increased its holdings in iShares MSCI China ETF by 28.0% during the 4th quarter. Jordan Park Group LLC now owns 722,206 shares of the company’s stock valued at $43,383,000 after acquiring an additional 157,985 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in iShares MSCI China ETF by 19,983.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 916,424 shares of the company’s stock worth $55,050,000 after acquiring an additional 911,861 shares during the last quarter. Strategic Investment Advisors MI acquired a new position in iShares MSCI China ETF during the third quarter worth about $1,945,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of iShares MSCI China ETF by 1,692.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 51,331 shares of the company’s stock valued at $3,083,000 after purchasing an additional 48,467 shares in the last quarter.

iShares MSCI China ETF Price Performance

Shares of MCHI opened at $50.48 on Friday. iShares MSCI China ETF has a 1-year low of $49.88 and a 1-year high of $67.37. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 13.11 and a beta of 0.32. The firm has a 50 day simple moving average of $55.86 and a 200-day simple moving average of $58.45.

iShares MSCI China ETF Dividend Announcement

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

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.