Waverly Advisors LLC Sells 40,177 Shares of iShares MSCI China ETF $MCHI

Waverly Advisors LLC decreased its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 96.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,562 shares of the company’s stock after selling 40,177 shares during the period. Waverly Advisors LLC’s holdings in iShares MSCI China ETF were worth $88,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Bank of Nova Scotia grew its position in iShares MSCI China ETF by 76.0% during the 1st quarter. Bank of Nova Scotia now owns 20,859 shares of the company’s stock worth $1,172,000 after acquiring an additional 9,008 shares during the last quarter. Lido Advisors LLC raised its position in iShares MSCI China ETF by 186.9% in the 1st quarter. Lido Advisors LLC now owns 416,296 shares of the company’s stock valued at $23,388,000 after purchasing an additional 271,209 shares during the last quarter. Cetera Investment Advisers boosted its stake in iShares MSCI China ETF by 29.2% in the first quarter. Cetera Investment Advisers now owns 6,011 shares of the company’s stock worth $338,000 after purchasing an additional 1,360 shares in the last quarter. First Trust Advisors LP boosted its stake in iShares MSCI China ETF by 29.7% in the first quarter. First Trust Advisors LP now owns 48,485 shares of the company’s stock worth $2,724,000 after purchasing an additional 11,092 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda acquired a new position in iShares MSCI China ETF in the first quarter worth $54,607,000.

iShares MSCI China ETF Stock Performance

Shares of MCHI stock opened at $56.01 on Thursday. 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 capitalization of $6.32 billion, a PE ratio of 13.11 and a beta of 0.34. The stock’s fifty day moving average is $53.60 and its 200-day moving average is $56.84.

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 given a dividend of $0.3613 per share. The ex-dividend date was Monday, June 15th.

iShares MSCI China ETF 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.