iShares MSCI China ETF (NASDAQ:MCHI) Sees Large Volume Increase – Time to Buy?

iShares MSCI China ETF (NASDAQ:MCHI) saw strong trading volume on Wednesday . 1,193,941 shares traded hands during mid-day trading, a decline of 46% from the previous session’s volume of 2,227,486 shares.The stock last traded at $44.73 and had previously closed at $45.24.

iShares MSCI China ETF Trading Down 0.8 %

The business’s 50 day moving average price is $47.86 and its two-hundred day moving average price is $45.75. The stock has a market cap of $5.20 billion, a P/E ratio of 10.76 and a beta of 0.49.

iShares MSCI China ETF Dividend Announcement

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

Institutional Trading of iShares MSCI China ETF

Hedge funds have recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC bought a new position in iShares MSCI China ETF during the third quarter valued at approximately $27,000. Blue Trust Inc. lifted its stake in shares of iShares MSCI China ETF by 137.6% in the 3rd quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock worth $167,000 after purchasing an additional 1,895 shares during the period. Creative Planning purchased a new position in shares of iShares MSCI China ETF in the third quarter worth approximately $221,000. Tidal Investments LLC bought a new stake in iShares MSCI China ETF during the third quarter valued at approximately $223,000. Finally, DMC Group LLC purchased a new stake in iShares MSCI China ETF during the third quarter valued at approximately $232,000.

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.