Meitav Investment House Ltd. Increases Stock Holdings in iShares MSCI China ETF $MCHI

Meitav Investment House Ltd. boosted its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 38.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,175,148 shares of the company’s stock after buying an additional 328,915 shares during the period. Meitav Investment House Ltd.’s holdings in iShares MSCI China ETF were worth $66,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MCHI. Financial Life Planners purchased a new stake in iShares MSCI China ETF in the third quarter valued at about $26,000. JPL Wealth Management LLC purchased a new stake in iShares MSCI China ETF during the 3rd quarter valued at about $34,000. Aventura Private Wealth LLC purchased a new stake in iShares MSCI China ETF during the 4th quarter valued at about $38,000. Whittier Trust Co. acquired a new position in shares of iShares MSCI China ETF in the fourth quarter valued at about $38,000. Finally, Advisory Services Network LLC acquired a new position in shares of iShares MSCI China ETF in the third quarter valued at about $39,000.

iShares MSCI China ETF Stock Down 0.6%

Shares of NASDAQ:MCHI traded down $0.33 during trading on Tuesday, hitting $51.69. The stock had a trading volume of 672,526 shares, compared to its average volume of 3,545,714. iShares MSCI China ETF has a 12-month low of $49.88 and a 12-month high of $67.37. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 13.11 and a beta of 0.33. The stock has a 50-day simple moving average of $54.98 and a two-hundred day simple moving average of $58.00.

iShares MSCI China ETF Dividend Announcement

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

iShares MSCI China ETF Company Profile

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.