iShares MSCI China ETF $MCHI Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in iShares MSCI China ETF (NASDAQ:MCHI) by 522.9% during the third quarter, Holdings Channel reports. The institutional investor owned 3,102,717 shares of the company’s stock after buying an additional 2,604,585 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares MSCI China ETF were worth $204,314,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Allworth Financial LP grew its holdings in iShares MSCI China ETF by 1,087.0% during the second quarter. Allworth Financial LP now owns 546 shares of the company’s stock worth $30,000 after acquiring an additional 500 shares during the period. Huntington National Bank boosted its position in shares of iShares MSCI China ETF by 79,500.0% during the 2nd quarter. Huntington National Bank now owns 796 shares of the company’s stock valued at $44,000 after purchasing an additional 795 shares in the last quarter. MMA Asset Management LLC bought a new position in shares of iShares MSCI China ETF during the 3rd quarter valued at about $138,000. PNC Financial Services Group Inc. grew its stake in shares of iShares MSCI China ETF by 126.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,864 shares of the company’s stock worth $189,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of iShares MSCI China ETF in the 3rd quarter worth approximately $202,000.

iShares MSCI China ETF Stock Performance

Shares of NASDAQ:MCHI opened at $61.01 on Friday. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. iShares MSCI China ETF has a 1-year low of $44.71 and a 1-year high of $67.37. The company has a 50 day moving average price of $61.63 and a 200 day moving average price of $62.35.

iShares MSCI China ETF Announces Dividend

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

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.