iShares MSCI China A ETF (BATS:CNYA) Stock Price Up 1.6% – Here’s Why

iShares MSCI China A ETF (BATS:CNYA)’s stock price rose 1.6% during mid-day trading on Wednesday . The company traded as high as $38.74 and last traded at $38.74. Approximately 167,225 shares changed hands during trading, an increase of 120% from the average daily volume of 76,052 shares. The stock had previously closed at $38.13.

iShares MSCI China A ETF Stock Performance

The company has a 50 day moving average of $35.66 and a 200-day moving average of $35.12. The stock has a market cap of $265.55 million, a price-to-earnings ratio of 14.20 and a beta of 0.33.

Hedge Funds Weigh In On iShares MSCI China A ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp purchased a new position in iShares MSCI China A ETF in the first quarter valued at approximately $27,000. Kestra Advisory Services LLC acquired a new position in shares of iShares MSCI China A ETF in the 4th quarter valued at $39,000. Osaic Holdings Inc. grew its position in shares of iShares MSCI China A ETF by 437.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,748 shares of the company’s stock valued at $79,000 after buying an additional 2,237 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI China A ETF in the 2nd quarter valued at $101,000. Finally, Blair William & Co. IL raised its stake in iShares MSCI China A ETF by 419.4% during the 4th quarter. Blair William & Co. IL now owns 5,573 shares of the company’s stock worth $193,000 after acquiring an additional 4,500 shares in the last quarter.

iShares MSCI China A ETF Company Profile

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.