Cullen Capital Management LLC Invests $2.06 Million in iShares MSCI China ETF $MCHI

Cullen Capital Management LLC bought a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,256 shares of the company’s stock, valued at approximately $2,058,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MCHI. Nipun Capital L.P. boosted its position in iShares MSCI China ETF by 4.1% during the second quarter. Nipun Capital L.P. now owns 747,200 shares of the company’s stock worth $41,171,000 after purchasing an additional 29,300 shares in the last quarter. Jordan Park Group LLC raised its stake in shares of iShares MSCI China ETF by 83.1% during the 2nd 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. Goldman Sachs Group Inc. raised its stake in shares of iShares MSCI China ETF by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 561,233 shares of the company’s stock worth $30,531,000 after buying an additional 192,712 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its position in shares of iShares MSCI China ETF by 1.2% during the 2nd quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 560,714 shares of the company’s stock valued at $30,914,000 after buying an additional 6,823 shares in the last quarter. Finally, Amundi lifted its position in shares of iShares MSCI China ETF by 13.6% during the 2nd quarter. Amundi now owns 556,900 shares of the company’s stock valued at $30,630,000 after buying an additional 66,600 shares in the last quarter.

iShares MSCI China ETF Stock Performance

Shares of NASDAQ MCHI opened at $60.31 on Thursday. The firm has a market cap of $7.64 billion, a PE ratio of 13.11 and a beta of 0.26. The firm has a fifty day moving average of $61.87 and a 200 day moving average of $62.14. iShares MSCI China ETF has a one year low of $44.71 and a one year high of $67.37.

iShares MSCI China ETF Dividend Announcement

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

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.