iShares MSCI China A ETF (BATS:CNYA) Trading 0.9% Higher – Should You Buy?

Shares of iShares MSCI China A ETF (BATS:CNYA) rose 0.9% on Monday . The company traded as high as $37.77 and last traded at $37.77. 89,571 shares were traded during trading, a decline of 5% from the average daily volume of 93,944 shares. The stock had previously closed at $37.45.

iShares MSCI China A ETF Trading Down 0.8%

The stock has a 50 day moving average of $37.26 and a 200-day moving average of $35.84. The company has a market capitalization of $271.70 million, a P/E ratio of 14.20 and a beta of 0.33.

Hedge Funds Weigh In On iShares MSCI China A ETF

A number of hedge funds have recently modified their holdings of CNYA. Royal Bank of Canada increased its stake in shares of iShares MSCI China A ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 71,156 shares of the company’s stock worth $2,433,000 after purchasing an additional 1,418 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of iShares MSCI China A ETF by 14.1% during the 1st quarter. Bank of New York Mellon Corp now owns 80,493 shares of the company’s stock valued at $2,751,000 after buying an additional 9,966 shares in the last quarter. Fifth Third Bancorp bought a new position in iShares MSCI China A ETF in the 1st quarter worth $27,000. Hsbc Holdings PLC boosted its holdings in iShares MSCI China A ETF by 182.3% in the 1st quarter. Hsbc Holdings PLC now owns 53,030 shares of the company’s stock worth $1,813,000 after buying an additional 34,243 shares during the period. Finally, Blair William & Co. IL increased its stake in iShares MSCI China A ETF by 419.4% in the 4th quarter. Blair William & Co. IL now owns 5,573 shares of the company’s stock worth $193,000 after buying an additional 4,500 shares in the last quarter.

About iShares MSCI China A ETF

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.