Measured Wealth Private Client Group LLC Reduces Stake in iShares MSCI China ETF $MCHI

Measured Wealth Private Client Group LLC trimmed its position in iShares MSCI China ETF (NASDAQ:MCHI) by 34.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 29,811 shares of the company’s stock after selling 15,590 shares during the period. Measured Wealth Private Client Group LLC’s holdings in iShares MSCI China ETF were worth $1,675,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in iShares MSCI China ETF by 855.9% in the 3rd quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock valued at $97,439,000 after purchasing an additional 1,324,910 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in shares of iShares MSCI China ETF during the 1st quarter valued at $54,607,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares MSCI China ETF by 19,983.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 916,424 shares of the company’s stock worth $55,050,000 after purchasing an additional 911,861 shares during the period. Phoenix Financial Ltd. increased its holdings in shares of iShares MSCI China ETF by 164.6% in the fourth quarter. Phoenix Financial Ltd. now owns 1,322,800 shares of the company’s stock worth $79,461,000 after purchasing an additional 822,800 shares during the period. Finally, Temasek Holdings Private Ltd purchased a new stake in shares of iShares MSCI China ETF in the fourth quarter worth $44,741,000.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI opened at $53.57 on Thursday. The firm has a market capitalization of $6.06 billion, a price-to-earnings 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 stock has a fifty day moving average of $53.87 and a 200 day moving average of $57.40.

iShares MSCI China ETF Dividend Announcement

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

iShares MSCI China ETF 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.