iShares MSCI China A ETF (BATS:CNYA) Stock Price Up 1.5% – Time to Buy?

Shares of iShares MSCI China A ETF (BATS:CNYA) rose 1.5% during trading on Monday . The stock traded as high as $36.71 and last traded at $36.64. Approximately 20,170 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 85,379 shares. The stock had previously closed at $36.09.

iShares MSCI China A ETF Stock Performance

The stock has a market capitalization of $259.90 million, a price-to-earnings ratio of 14.20 and a beta of 0.33. The company has a 50-day moving average of $36.47 and a 200-day moving average of $36.10.

Hedge Funds Weigh In On iShares MSCI China A ETF

Hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc lifted its position in shares of iShares MSCI China A ETF by 12.0% in the fourth quarter. CIBC Asset Management Inc now owns 304,127 shares of the company’s stock valued at $10,517,000 after acquiring an additional 32,650 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares MSCI China A ETF by 30.1% in the 4th quarter. JPMorgan Chase & Co. now owns 238,126 shares of the company’s stock valued at $8,234,000 after purchasing an additional 55,049 shares during the last quarter. UBS Group AG raised its stake in iShares MSCI China A ETF by 32.1% in the 4th quarter. UBS Group AG now owns 220,262 shares of the company’s stock valued at $7,617,000 after purchasing an additional 53,466 shares during the last quarter. Invesco Ltd. purchased a new position in iShares MSCI China A ETF in the 3rd quarter valued at about $6,703,000. Finally, Bank of America Corp DE lifted its holdings in iShares MSCI China A ETF by 1,433.8% in the 3rd quarter. Bank of America Corp DE now owns 133,046 shares of the company’s stock valued at $4,569,000 after purchasing an additional 124,372 shares in the last quarter.

About iShares MSCI China A ETF

The iShares MSCI China A ETF (CNYA) is an exchange-traded fund that is based on the MSCI China A Inclusion index, a market-cap-weighted index of Chinese A-share equities. CNYA was launched on Jun 13, 2016 and is managed by BlackRock.