London & Capital Asset Management Ltd Purchases New Holdings in iShares MSCI China ETF $MCHI

London & Capital Asset Management Ltd acquired a new position in shares of iShares MSCI China ETF (NASDAQ:MCHI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 127,384 shares of the company’s stock, valued at approximately $8,388,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of iShares MSCI China ETF by 1,087.0% during the 2nd quarter. Allworth Financial LP now owns 546 shares of the company’s stock valued at $30,000 after acquiring an additional 500 shares during the period. Huntington National Bank lifted its position in iShares MSCI China ETF by 79,500.0% during the second quarter. Huntington National Bank now owns 796 shares of the company’s stock worth $44,000 after purchasing an additional 795 shares during the period. MMA Asset Management LLC acquired a new stake in iShares MSCI China ETF during the third quarter worth about $138,000. PNC Financial Services Group Inc. grew its stake in iShares MSCI China ETF by 126.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,864 shares of the company’s stock worth $189,000 after buying an additional 1,600 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in iShares MSCI China ETF in the 3rd quarter valued at about $202,000.

iShares MSCI China ETF Trading Down 0.3%

Shares of NASDAQ:MCHI opened at $59.06 on Monday. The firm has a 50 day moving average of $61.62 and a 200-day moving average of $62.45. iShares MSCI China ETF has a 12 month low of $44.71 and a 12 month high of $67.37. The stock has a market capitalization of $7.48 billion, a PE ratio of 13.11 and a beta of 0.26.

iShares MSCI China ETF Dividend Announcement

The company also recently disclosed 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. This represents a yield of 246.0%. The ex-dividend date 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.