Earnest Partners LLC Purchases New Stake in iShares MSCI China ETF $MCHI

Earnest Partners LLC purchased a new stake in iShares MSCI China ETF (NASDAQ:MCHI) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,754 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently bought and sold shares of MCHI. Elequin Capital LP bought a new position in shares of iShares MSCI China ETF in the first quarter worth about $31,000. Copia Wealth Management bought a new position in shares of iShares MSCI China ETF in the first quarter worth about $39,000. Hurley Capital LLC bought a new position in shares of iShares MSCI China ETF in the first quarter worth about $47,000. SVB Wealth LLC bought a new position in shares of iShares MSCI China ETF in the first quarter worth about $60,000. Finally, Brooklyn Investment Group bought a new position in shares of iShares MSCI China ETF in the first quarter worth about $60,000.

iShares MSCI China ETF Trading Up 0.7%

MCHI stock opened at $60.45 on Friday. The stock has a market capitalization of $7.40 billion, a P/E ratio of 13.11 and a beta of 0.49. iShares MSCI China ETF has a 12 month low of $40.25 and a 12 month high of $62.16. The firm has a 50-day moving average price of $57.51 and a 200-day moving average price of $54.88.

iShares MSCI China ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were issued a $0.5356 dividend. The ex-dividend date of this dividend was Monday, June 16th.

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.