iShares MSCI China A ETF (BATS:CNYA) Shares Down 0.6% – Here’s What Happened

iShares MSCI China A ETF (BATS:CNYA) dropped 0.6% on Monday . The stock traded as low as $33.54 and last traded at $33.64. Approximately 49,686 shares traded hands during trading, a decline of 38% from the average daily volume of 80,312 shares. The stock had previously closed at $33.85.

iShares MSCI China A ETF Stock Performance

The stock has a market capitalization of $245.53 million, a PE ratio of 14.20 and a beta of 0.33. The business’s 50-day moving average is $35.38 and its two-hundred day moving average is $34.59.

Institutional Trading of iShares MSCI China A ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in iShares MSCI China A ETF by 19.8% during the first quarter. Royal Bank of Canada now owns 79,100 shares of the company’s stock worth $2,217,000 after purchasing an additional 13,058 shares in the last quarter. Rhumbline Advisers increased its position in iShares MSCI China A ETF by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 84,230 shares of the company’s stock worth $2,418,000 after purchasing an additional 1,370 shares during the period. Laurel Wealth Advisors LLC increased its position in iShares MSCI China A ETF by 2,771.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,871 shares of the company’s stock worth $82,000 after purchasing an additional 2,771 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI China A ETF during the 2nd quarter worth approximately $1,101,000. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares MSCI China A ETF during the 2nd quarter worth approximately $101,000.

About iShares MSCI China A ETF

The iShares MSCI China A ETF (CNYA) is an exchange-traded fund that is based on the MSCI China A Inclusion index, a market-cap-weighted index of Chinese A-share equities. CNYA was launched on Jun 13, 2016 and is managed by BlackRock.