GAMMA Investing LLC Has $7.55 Million Position in iShares MSCI China ETF $MCHI

GAMMA Investing LLC cut its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 14.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,894 shares of the company’s stock after selling 25,212 shares during the quarter. GAMMA Investing LLC owned approximately 0.13% of iShares MSCI China ETF worth $7,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its stake in iShares MSCI China ETF by 855.9% in the third quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock valued at $97,439,000 after purchasing an additional 1,324,910 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI China ETF during the 1st quarter worth about $54,607,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares MSCI China ETF by 19,983.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 916,424 shares of the company’s stock worth $55,050,000 after purchasing an additional 911,861 shares in the last quarter. Phoenix Financial Ltd. lifted its holdings in shares of iShares MSCI China ETF by 164.6% during the 4th quarter. Phoenix Financial Ltd. now owns 1,322,800 shares of the company’s stock valued at $79,461,000 after buying an additional 822,800 shares during the last quarter. Finally, Temasek Holdings Private Ltd acquired a new stake in shares of iShares MSCI China ETF during the 4th quarter valued at about $44,741,000.

iShares MSCI China ETF Stock Performance

Shares of NASDAQ MCHI opened at $56.09 on Wednesday. The business has a 50 day simple moving average of $53.59 and a 200 day simple moving average of $56.89. iShares MSCI China ETF has a 52 week low of $49.88 and a 52 week high of $67.37. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 13.11 and a beta of 0.33.

iShares MSCI China ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid 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.