Meitav Investment House Ltd. Reduces Holdings in iShares MSCI China ETF $MCHI

Meitav Investment House Ltd. reduced its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 67.5% in the third quarter, Holdings Channel reports. The institutional investor owned 846,233 shares of the company’s stock after selling 1,755,000 shares during the period. Meitav Investment House Ltd.’s holdings in iShares MSCI China ETF were worth $55,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of Nova Scotia boosted its stake in shares of iShares MSCI China ETF by 1.5% during the 2nd quarter. Bank of Nova Scotia now owns 17,052 shares of the company’s stock worth $939,000 after acquiring an additional 246 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of iShares MSCI China ETF by 2.2% in the 2nd quarter. IHT Wealth Management LLC now owns 13,101 shares of the company’s stock worth $722,000 after purchasing an additional 277 shares in the last quarter. Arrow Investment Advisors LLC raised its holdings in iShares MSCI China ETF by 2.5% in the 2nd quarter. Arrow Investment Advisors LLC now owns 11,974 shares of the company’s stock worth $660,000 after purchasing an additional 294 shares during the period. Cresset Asset Management LLC lifted its position in iShares MSCI China ETF by 1.9% during the second quarter. Cresset Asset Management LLC now owns 20,836 shares of the company’s stock valued at $1,148,000 after purchasing an additional 394 shares in the last quarter. Finally, Swmg LLC lifted its position in iShares MSCI China ETF by 9.0% during the third quarter. Swmg LLC now owns 4,952 shares of the company’s stock valued at $317,000 after purchasing an additional 409 shares in the last quarter.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI opened at $62.52 on Friday. The stock has a 50-day simple moving average of $61.97 and a two-hundred day simple moving average of $61.51. The firm has a market capitalization of $8.02 billion, a PE ratio of 13.11 and a beta of 0.26. iShares MSCI China ETF has a 52-week low of $44.71 and a 52-week high of $67.37.

iShares MSCI China ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $0.735 dividend. This represents a yield of 246.0%. The ex-dividend date of this dividend was Tuesday, December 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. 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.