Syon Capital LLC Raises Position in iShares MSCI China ETF $MCHI

Syon Capital LLC raised its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 48.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 408,341 shares of the company’s stock after buying an additional 132,464 shares during the period. iShares MSCI China ETF comprises approximately 1.4% of Syon Capital LLC’s portfolio, making the stock its 19th largest position. Syon Capital LLC’s holdings in iShares MSCI China ETF were worth $26,889,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in iShares MSCI China ETF during the 2nd quarter valued at about $28,000. Allworth Financial LP lifted its position in iShares MSCI China ETF by 1,087.0% in the second quarter. Allworth Financial LP now owns 546 shares of the company’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Huntington National Bank boosted its stake in shares of iShares MSCI China ETF by 79,500.0% during the second quarter. Huntington National Bank now owns 796 shares of the company’s stock valued at $44,000 after purchasing an additional 795 shares during the period. MMA Asset Management LLC purchased a new stake in shares of iShares MSCI China ETF during the third quarter valued at approximately $138,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of iShares MSCI China ETF by 126.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,864 shares of the company’s stock worth $189,000 after purchasing an additional 1,600 shares during the last quarter.

iShares MSCI China ETF Trading Up 0.4%

MCHI stock opened at $60.61 on Wednesday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. The firm’s 50-day moving average price is $61.68 and its two-hundred day moving average price is $62.34. 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. Shareholders of record on Tuesday, December 16th were given a dividend of $0.735 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 246.0%.

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.