Renaissance Technologies LLC Has $2.82 Million Stake in iShares MSCI China ETF $MCHI

Renaissance Technologies LLC trimmed its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 75.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,200 shares of the company’s stock after selling 157,300 shares during the period. Renaissance Technologies LLC’s holdings in iShares MSCI China ETF were worth $2,820,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fosun International Ltd purchased a new stake in iShares MSCI China ETF in the 4th quarter worth about $10,452,000. Jordan Park Group LLC grew its stake in iShares MSCI China ETF by 28.0% during the 4th quarter. Jordan Park Group LLC now owns 722,206 shares of the company’s stock valued at $43,383,000 after acquiring an additional 157,985 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in 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 valued at $55,050,000 after acquiring an additional 911,861 shares in the last quarter. Phoenix Financial Ltd. increased its holdings in shares of iShares MSCI China ETF by 164.6% in the 4th quarter. Phoenix Financial Ltd. now owns 1,322,800 shares of the company’s stock valued at $79,461,000 after purchasing an additional 822,800 shares during the period. Finally, Temasek Holdings Private Ltd acquired a new position in shares of iShares MSCI China ETF in the 4th quarter valued at about $44,741,000.

iShares MSCI China ETF Price Performance

NASDAQ MCHI opened at $56.57 on Monday. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 13.11 and a beta of 0.34. The company has a 50 day simple moving average of $53.65 and a 200-day simple moving average of $56.75. iShares MSCI China ETF has a 52-week low of $49.88 and a 52-week high of $67.37.

iShares MSCI China ETF Announces Dividend

The business also recently disclosed 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.