SCS Capital Management LLC Sells 21,148 Shares of iShares MSCI China ETF $MCHI

SCS Capital Management LLC trimmed its position in iShares MSCI China ETF (NASDAQ:MCHI) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,554 shares of the company’s stock after selling 21,148 shares during the period. SCS Capital Management LLC owned approximately 0.15% of iShares MSCI China ETF worth $8,462,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of iShares MSCI China ETF by 10.0% in the first quarter. Parallel Advisors LLC now owns 2,750 shares of the company’s stock valued at $150,000 after purchasing an additional 250 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of iShares MSCI China ETF by 5.2% in the first quarter. OneDigital Investment Advisors LLC now owns 6,153 shares of the company’s stock valued at $335,000 after purchasing an additional 305 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of iShares MSCI China ETF by 5.5% in the fourth quarter. Cetera Investment Advisers now owns 7,587 shares of the company’s stock valued at $356,000 after purchasing an additional 394 shares in the last quarter. Elequin Capital LP bought a new stake in shares of iShares MSCI China ETF in the first quarter valued at about $31,000. Finally, Copia Wealth Management bought a new stake in shares of iShares MSCI China ETF in the first quarter valued at about $39,000.

iShares MSCI China ETF Price Performance

Shares of iShares MSCI China ETF stock opened at $62.30 on Tuesday. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 13.11 and a beta of 0.49. The stock’s 50-day moving average is $58.41 and its 200-day moving average is $55.30. iShares MSCI China ETF has a one year low of $40.25 and a one year high of $62.31.

iShares MSCI China ETF Cuts Dividend

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

iShares MSCI China ETF Company Profile

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.