New England Private Wealth Advisors LLC Takes Position in iShares MSCI China ETF $MCHI

New England Private Wealth Advisors LLC bought a new position in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the 3rd quarter, HoldingsChannel reports. The fund bought 23,160 shares of the company’s stock, valued at approximately $1,525,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Nova Scotia raised its holdings in shares of iShares MSCI China ETF by 1.5% in the 2nd quarter. Bank of Nova Scotia now owns 17,052 shares of the company’s stock worth $939,000 after acquiring an additional 246 shares during the last quarter. IHT Wealth Management LLC boosted its stake in iShares MSCI China ETF by 2.2% during the 2nd quarter. IHT Wealth Management LLC now owns 13,101 shares of the company’s stock valued at $722,000 after purchasing an additional 277 shares during the last quarter. Cresset Asset Management LLC increased its holdings in iShares MSCI China ETF by 1.9% during the 2nd quarter. Cresset Asset Management LLC now owns 20,836 shares of the company’s stock worth $1,148,000 after purchasing an additional 394 shares in the last quarter. PFG Investments LLC increased its holdings in iShares MSCI China ETF by 8.3% during the 3rd quarter. PFG Investments LLC now owns 5,233 shares of the company’s stock worth $345,000 after purchasing an additional 400 shares in the last quarter. Finally, Swmg LLC raised its stake in shares of iShares MSCI China ETF by 9.0% in the third quarter. Swmg LLC now owns 4,952 shares of the company’s stock worth $317,000 after purchasing an additional 409 shares during the last quarter.

iShares MSCI China ETF Stock Up 1.0%

MCHI stock opened at $56.72 on Monday. iShares MSCI China ETF has a twelve month low of $44.71 and a twelve month high of $67.37. The stock’s 50 day moving average is $61.24 and its 200-day moving average is $62.36. The firm has a market capitalization of $7.18 billion, a PE ratio of 13.11 and a beta of 0.26.

iShares MSCI China ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $0.735 dividend. This represents a yield of 246.0%. The ex-dividend date of this dividend 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.