First Trust Advisors LP Boosts Holdings in iShares MSCI China ETF $MCHI

First Trust Advisors LP grew its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 29.7% during the 1st quarter, Holdings Channel reports. The firm owned 48,485 shares of the company’s stock after purchasing an additional 11,092 shares during the quarter. First Trust Advisors LP’s holdings in iShares MSCI China ETF were worth $2,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Morgan Stanley raised its position in shares of iShares MSCI China ETF by 16.5% during the 4th quarter. Morgan Stanley now owns 3,366,959 shares of the company’s stock worth $202,253,000 after purchasing an additional 476,032 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in iShares MSCI China ETF by 21.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,269,856 shares of the company’s stock worth $136,350,000 after buying an additional 406,236 shares during the last quarter. Bank of America Corp DE boosted its holdings in iShares MSCI China ETF by 855.9% in the 3rd quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock worth $97,439,000 after buying an additional 1,324,910 shares during the last quarter. LPL Financial LLC increased its stake in iShares MSCI China ETF by 3.9% during the 4th quarter. LPL Financial LLC now owns 1,418,246 shares of the company’s stock worth $85,194,000 after buying an additional 53,506 shares in the last quarter. Finally, OLD Mission Capital LLC increased its stake in iShares MSCI China ETF by 124.5% during the 4th quarter. OLD Mission Capital LLC now owns 1,336,823 shares of the company’s stock worth $80,303,000 after buying an additional 741,450 shares in the last quarter.

iShares MSCI China ETF Price Performance

Shares of iShares MSCI China ETF stock opened at $56.57 on Friday. The stock has a market capitalization of $6.38 billion, a P/E ratio of 13.11 and a beta of 0.34. The business has a 50 day simple moving average of $53.65 and a two-hundred day simple moving average of $56.79. iShares MSCI China ETF has a 12 month low of $49.88 and a 12 month high of $67.37.

iShares MSCI China ETF Dividend Announcement

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

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. 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.