iShares MSCI China ETF (NASDAQ:MCHI) Sets New 1-Year Low – Should You Sell?

iShares MSCI China ETF (NASDAQ:MCHI)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $51.60 and last traded at $51.60, with a volume of 4227 shares traded. The stock had previously closed at $52.86.

iShares MSCI China ETF Stock Down 0.7%

The stock has a market cap of $6.03 billion, a P/E ratio of 13.11 and a beta of 0.32. The firm’s 50-day moving average is $56.15 and its two-hundred day moving average is $58.59.

iShares MSCI China ETF Announces Dividend

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

Institutional Investors Weigh In On iShares MSCI China ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its holdings in iShares MSCI China ETF by 16.5% in the fourth quarter. Morgan Stanley now owns 3,366,959 shares of the company’s stock worth $202,253,000 after purchasing an additional 476,032 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in iShares MSCI China ETF by 21.8% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,269,856 shares of the company’s stock valued at $136,350,000 after buying an additional 406,236 shares in the last quarter. Bank of America Corp DE raised its holdings in iShares MSCI China ETF by 855.9% during the third quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock valued at $97,439,000 after buying an additional 1,324,910 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares MSCI China ETF by 3.9% in the fourth quarter. LPL Financial LLC now owns 1,418,246 shares of the company’s stock worth $85,194,000 after buying an additional 53,506 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its position in shares of iShares MSCI China ETF by 124.5% in the fourth quarter. OLD Mission Capital LLC now owns 1,336,823 shares of the company’s stock worth $80,303,000 after buying an additional 741,450 shares during the last quarter.

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.