SPX Gestao de Recursos Ltda Makes New $54.61 Million Investment in iShares MSCI China ETF $MCHI

SPX Gestao de Recursos Ltda bought a new position in iShares MSCI China ETF (NASDAQ:MCHI) during the first quarter, HoldingsChannel.com reports. The fund bought 972,000 shares of the company’s stock, valued at approximately $54,607,000. iShares MSCI China ETF makes up about 4.5% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 5th largest holding.

A number of other large investors have also recently made changes to their positions in MCHI. JPL Wealth Management LLC bought a new position in shares of iShares MSCI China ETF in the 3rd quarter valued at about $34,000. Advisory Services Network LLC bought a new stake in shares of iShares MSCI China ETF in the 3rd quarter valued at approximately $39,000. Whittier Trust Co. purchased a new position in shares of iShares MSCI China ETF in the 4th quarter worth approximately $38,000. Aventura Private Wealth LLC bought a new position in shares of iShares MSCI China ETF during the 4th quarter valued at approximately $38,000. Finally, Zions Bancorporation National Association UT purchased a new stake in iShares MSCI China ETF during the 4th quarter valued at $39,000.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI opened at $52.95 on Friday. The firm has a market capitalization of $5.99 billion, a PE ratio of 13.11 and a beta of 0.33. The stock’s fifty day moving average is $54.17 and its 200 day moving average is $57.55. iShares MSCI China ETF has a fifty-two week low of $49.88 and a fifty-two week high of $67.37.

iShares MSCI China ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.3613 per share. 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.