Wallace Advisory Group LLC Buys New Stake in iShares MSCI China ETF (NASDAQ:MCHI)

Wallace Advisory Group LLC bought a new stake in iShares MSCI China ETF (NASDAQ:MCHIFree Report) in the first quarter, HoldingsChannel.com reports. The fund bought 44,563 shares of the company’s stock, valued at approximately $1,815,000. iShares MSCI China ETF accounts for approximately 1.3% of Wallace Advisory Group LLC’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LPL Financial LLC lifted its position in iShares MSCI China ETF by 23.7% in the third quarter. LPL Financial LLC now owns 507,132 shares of the company’s stock worth $21,954,000 after buying an additional 97,165 shares during the last quarter. International Assets Investment Management LLC bought a new stake in iShares MSCI China ETF in the fourth quarter worth $179,000. GSA Capital Partners LLP bought a new stake in iShares MSCI China ETF in the third quarter worth $723,000. Ameriprise Financial Inc. lifted its position in iShares MSCI China ETF by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 2,418,408 shares of the company’s stock worth $104,598,000 after buying an additional 38,438 shares during the last quarter. Finally, Modera Wealth Management LLC bought a new stake in iShares MSCI China ETF in the third quarter worth $30,000.

iShares MSCI China ETF Stock Down 1.1 %

MCHI traded down $0.47 during trading on Tuesday, reaching $42.94. The company had a trading volume of 1,884,949 shares, compared to its average volume of 3,830,822. iShares MSCI China ETF has a 52 week low of $35.58 and a 52 week high of $49.94. The stock has a market cap of $5.08 billion, a P/E ratio of 10.76 and a beta of 0.49. The business has a 50 day simple moving average of $43.72 and a 200-day simple moving average of $40.80.

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 given a dividend of $0.1905 per share. The ex-dividend date was Tuesday, June 11th.

iShares MSCI China ETF Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MCHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI China ETF (NASDAQ:MCHIFree Report).

Institutional Ownership by Quarter for iShares MSCI China ETF (NASDAQ:MCHI)

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