Mirae Asset Global Investments Co. Ltd. Has $20.47 Million Stock Holdings in iShares MSCI China ETF $MCHI

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 24.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 310,900 shares of the company’s stock after selling 102,477 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares MSCI China ETF were worth $20,473,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Avalon Capital Management acquired a new position in shares of iShares MSCI China ETF in the 3rd quarter worth approximately $967,000. GAMMA Investing LLC raised its position in iShares MSCI China ETF by 10.4% in the 3rd quarter. GAMMA Investing LLC now owns 178,521 shares of the company’s stock valued at $11,756,000 after purchasing an additional 16,772 shares during the last quarter. Monument Capital Management acquired a new position in iShares MSCI China ETF in the third quarter worth $1,739,000. TBH Global Asset Management LLC acquired a new position in iShares MSCI China ETF in the third quarter worth $1,269,000. Finally, Schroder Investment Management Group bought a new stake in shares of iShares MSCI China ETF during the second quarter worth $6,522,000.

iShares MSCI China ETF Stock Up 0.5%

iShares MSCI China ETF stock opened at $64.23 on Friday. The stock has a 50-day simple moving average of $61.90 and a 200 day simple moving average of $61.97. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. iShares MSCI China ETF has a 12-month low of $44.71 and a 12-month high of $67.37.

iShares MSCI China ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.735 per share. This represents a dividend yield of 246.0%. The ex-dividend date 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.