Waverly Advisors LLC Sells 40,177 Shares of iShares MSCI China ETF $MCHI

Waverly Advisors LLC lessened its holdings in iShares MSCI China ETF (NASDAQ:MCHI) by 96.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,562 shares of the company’s stock after selling 40,177 shares during the period. Waverly Advisors LLC’s holdings in iShares MSCI China ETF were worth $88,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new stake in iShares MSCI China ETF during the third quarter valued at approximately $34,000. Whittier Trust Co. bought a new position in shares of iShares MSCI China ETF during the 4th quarter worth approximately $38,000. Advisory Services Network LLC bought a new position in shares of iShares MSCI China ETF during the 3rd quarter worth approximately $39,000. Zions Bancorporation National Association UT acquired a new stake in iShares MSCI China ETF in the 4th quarter valued at $39,000. Finally, Hurley Capital LLC acquired a new stake in iShares MSCI China ETF in the 4th quarter valued at $49,000.

iShares MSCI China ETF Price Performance

Shares of NASDAQ:MCHI opened at $56.01 on Thursday. The business’s fifty day moving average price is $53.60 and its two-hundred day moving average price is $56.84. iShares MSCI China ETF has a fifty-two week low of $49.88 and a fifty-two week high of $67.37. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 13.11 and a beta of 0.34.

iShares MSCI China ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.3613 dividend. The ex-dividend date was Monday, June 15th.

iShares MSCI China ETF 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.