iShares MSCI China ETF (NASDAQ:MCHI) Sees Strong Trading Volume – What’s Next?

iShares MSCI China ETF (NASDAQ:MCHI) saw strong trading volume on Wednesday . 1,193,941 shares were traded during mid-day trading, a decline of 46% from the previous session’s volume of 2,227,486 shares.The stock last traded at $44.73 and had previously closed at $45.24.

iShares MSCI China ETF Stock Performance

The company has a market cap of $5.06 billion, a PE ratio of 10.76 and a beta of 0.49. The stock has a 50 day moving average of $47.69 and a 200-day moving average of $45.74.

iShares MSCI China ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.8911 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Investors Weigh In On iShares MSCI China ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCHI. TT International Asset Management LTD acquired a new stake in shares of iShares MSCI China ETF during the 3rd quarter valued at about $35,807,000. Angeles Investment Advisors LLC grew its position in shares of iShares MSCI China ETF by 104.7% during the 3rd quarter. Angeles Investment Advisors LLC now owns 604,000 shares of the company’s stock valued at $30,750,000 after acquiring an additional 309,000 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI China ETF during the 3rd quarter valued at about $14,982,000. Elo Mutual Pension Insurance Co grew its position in shares of iShares MSCI China ETF by 30.4% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 1,082,669 shares of the company’s stock valued at $45,656,000 after acquiring an additional 252,156 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of iShares MSCI China ETF during the 3rd quarter valued at about $10,260,000.

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.