Hsbc Holdings PLC Decreases Stock Holdings in iShares MSCI China ETF $MCHI

Hsbc Holdings PLC lowered its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 51.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 34,787 shares of the company’s stock after selling 37,446 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI China ETF were worth $1,953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPL Wealth Management LLC bought a new stake in shares of iShares MSCI China ETF in the 3rd quarter worth about $34,000. Whittier Trust Co. purchased a new position in iShares MSCI China ETF in the fourth quarter worth about $38,000. Advisory Services Network LLC bought a new stake in iShares MSCI China ETF during the third quarter worth approximately $39,000. Zions Bancorporation National Association UT bought a new stake in iShares MSCI China ETF during the fourth quarter worth approximately $39,000. Finally, Hurley Capital LLC purchased a new stake in iShares MSCI China ETF during the fourth quarter valued at approximately $49,000.

iShares MSCI China ETF Price Performance

Shares of MCHI stock opened at $53.33 on Monday. The company has a market cap of $6.04 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. The stock’s 50 day simple moving average is $53.70 and its two-hundred day simple moving average is $57.27.

iShares MSCI China ETF Announces Dividend

The business 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.