The Manufacturers Life Insurance Company Has $8.27 Million Stock Position in iShares MSCI China ETF $MCHI

The Manufacturers Life Insurance Company reduced its holdings in iShares MSCI China ETF (NASDAQ:MCHI) by 24.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 147,226 shares of the company’s stock after selling 46,823 shares during the period. The Manufacturers Life Insurance Company’s holdings in iShares MSCI China ETF were worth $8,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Quantinno Capital Management LP grew its stake in shares of iShares MSCI China ETF by 129.5% in the first quarter. Quantinno Capital Management LP now owns 24,075 shares of the company’s stock worth $1,353,000 after acquiring an additional 13,583 shares during the last quarter. Bank of Nova Scotia raised its position in shares of iShares MSCI China ETF by 76.0% during the first quarter. Bank of Nova Scotia now owns 20,859 shares of the company’s stock valued at $1,172,000 after buying an additional 9,008 shares during the last quarter. Lido Advisors LLC raised its holdings in iShares MSCI China ETF by 186.9% in the 1st quarter. Lido Advisors LLC now owns 416,296 shares of the company’s stock valued at $23,388,000 after acquiring an additional 271,209 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of iShares MSCI China ETF by 29.2% in the 1st quarter. Cetera Investment Advisers now owns 6,011 shares of the company’s stock worth $338,000 after acquiring an additional 1,360 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of iShares MSCI China ETF by 29.7% during the 1st quarter. First Trust Advisors LP now owns 48,485 shares of the company’s stock worth $2,724,000 after purchasing an additional 11,092 shares in the last quarter.

iShares MSCI China ETF Trading Up 0.3%

MCHI opened at $56.09 on Wednesday. The stock’s 50 day simple moving average is $53.59 and its 200-day simple moving average is $56.89. The stock has a market cap of $6.33 billion, a PE ratio of 13.11 and a beta of 0.33. iShares MSCI China ETF has a 1 year low of $49.88 and a 1 year high of $67.37.

iShares MSCI China ETF Dividend Announcement

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

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.