OVERSEA CHINESE BANKING Corp Ltd Boosts Holdings in iShares MSCI China ETF $MCHI

OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 1,811.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 410,263 shares of the company’s stock after purchasing an additional 388,805 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.32% of iShares MSCI China ETF worth $27,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MCHI. Jordan Park Group LLC lifted its holdings in iShares MSCI China ETF by 83.1% in the second quarter. Jordan Park Group LLC now owns 596,945 shares of the company’s stock worth $32,892,000 after buying an additional 270,839 shares during the period. 3EDGE Asset Management LP raised its position in shares of iShares MSCI China ETF by 441.5% in the 2nd quarter. 3EDGE Asset Management LP now owns 298,718 shares of the company’s stock worth $16,467,000 after acquiring an additional 243,553 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of iShares MSCI China ETF by 52.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 561,233 shares of the company’s stock valued at $30,531,000 after purchasing an additional 192,712 shares during the period. Banco Santander S.A. boosted its position in shares of iShares MSCI China ETF by 262.9% during the second quarter. Banco Santander S.A. now owns 223,083 shares of the company’s stock valued at $12,292,000 after purchasing an additional 161,615 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of iShares MSCI China ETF by 82.5% during the second quarter. Yousif Capital Management LLC now owns 356,612 shares of the company’s stock valued at $19,649,000 after purchasing an additional 161,222 shares in the last quarter.

iShares MSCI China ETF Trading Up 0.0%

MCHI opened at $63.55 on Thursday. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. The stock has a fifty day simple moving average of $62.00 and a two-hundred day simple moving average of $61.40. 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 firm also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.735 per share. 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.