SPX Gestao de Recursos Ltda Makes New Investment in iShares MSCI China ETF $MCHI

SPX Gestao de Recursos Ltda acquired a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 972,000 shares of the company’s stock, valued at approximately $54,607,000. iShares MSCI China ETF accounts for about 4.5% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 5th largest position. SPX Gestao de Recursos Ltda owned 0.83% of iShares MSCI China ETF at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MCHI. Assetmark Inc. boosted its stake in shares of iShares MSCI China ETF by 5.0% in the first quarter. Assetmark Inc. now owns 61,186 shares of the company’s stock worth $3,437,000 after acquiring an additional 2,909 shares during the period. Wealthfront Advisers LLC grew its holdings in iShares MSCI China ETF by 5.5% during the 1st quarter. Wealthfront Advisers LLC now owns 97,184 shares of the company’s stock valued at $5,460,000 after buying an additional 5,102 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of iShares MSCI China ETF during the first quarter valued at approximately $1,997,000. Geneos Wealth Management Inc. bought a new position in shares of iShares MSCI China ETF during the first quarter worth $1,929,000. Finally, Sanctuary Advisors LLC grew its stake in iShares MSCI China ETF by 16.6% during the first quarter. Sanctuary Advisors LLC now owns 36,376 shares of the company’s stock valued at $2,044,000 after acquiring an additional 5,189 shares in the last quarter.

iShares MSCI China ETF Stock Down 2.2%

Shares of MCHI stock opened at $52.95 on Friday. The stock has a market cap of $5.99 billion, a P/E ratio of 13.11 and a beta of 0.33. iShares MSCI China ETF has a 52 week low of $49.88 and a 52 week high of $67.37. The company’s fifty day simple moving average is $54.17 and its two-hundred day simple moving average is $57.55.

iShares MSCI China ETF Announces Dividend

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

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. 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.