Hsbc Holdings PLC Cuts Stake in iShares MSCI China ETF $MCHI

Hsbc Holdings PLC lowered its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 51.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,787 shares of the company’s stock after selling 37,446 shares during the period. Hsbc Holdings PLC’s holdings in iShares MSCI China ETF were worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Fort Sheridan Advisors LLC grew its stake in iShares MSCI China ETF by 5.2% during the fourth quarter. Fort Sheridan Advisors LLC now owns 3,397 shares of the company’s stock valued at $204,000 after acquiring an additional 168 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in iShares MSCI China ETF by 11.2% in the 4th quarter. Banque Cantonale Vaudoise now owns 1,777 shares of the company’s stock worth $107,000 after purchasing an additional 179 shares in the last quarter. Bank of Nova Scotia lifted its stake in iShares MSCI China ETF by 1.5% in the 2nd quarter. Bank of Nova Scotia now owns 17,052 shares of the company’s stock worth $939,000 after purchasing an additional 246 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in shares of iShares MSCI China ETF by 2.2% during the 2nd quarter. IHT Wealth Management LLC now owns 13,101 shares of the company’s stock valued at $722,000 after purchasing an additional 277 shares during the last quarter. Finally, New England Private Wealth Advisors LLC boosted its holdings in shares of iShares MSCI China ETF by 1.2% during the 4th quarter. New England Private Wealth Advisors LLC now owns 23,441 shares of the company’s stock valued at $1,408,000 after purchasing an additional 281 shares during the last quarter.

iShares MSCI China ETF Price Performance

Shares of iShares MSCI China ETF stock opened at $53.33 on Monday. iShares MSCI China ETF has a twelve month low of $49.88 and a twelve month high of $67.37. The business has a 50-day moving average price of $53.70 and a 200-day moving average price of $57.27. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 13.11 and a beta of 0.33.

iShares MSCI China ETF Announces Dividend

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

iShares MSCI China ETF Company 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.