Royal Bank of Canada Sells 144,126 Shares of iShares MSCI China ETF $MCHI

Royal Bank of Canada decreased its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 45.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,929 shares of the company’s stock after selling 144,126 shares during the quarter. Royal Bank of Canada owned approximately 0.15% of iShares MSCI China ETF worth $9,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCHI. Fosun International Ltd bought a new stake in shares of iShares MSCI China ETF during the fourth quarter worth about $10,452,000. Jordan Park Group LLC increased its stake in shares of iShares MSCI China ETF by 28.0% in the fourth quarter. Jordan Park Group LLC now owns 722,206 shares of the company’s stock valued at $43,383,000 after buying an additional 157,985 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in iShares MSCI China ETF by 19,983.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 916,424 shares of the company’s stock valued at $55,050,000 after buying an additional 911,861 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in 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 buying an additional 822,800 shares during the last quarter. Finally, Temasek Holdings Private Ltd acquired a new stake in iShares MSCI China ETF during the 4th quarter worth approximately $44,741,000.

iShares MSCI China ETF Price Performance

NASDAQ:MCHI opened at $56.57 on Monday. iShares MSCI China ETF has a one year low of $49.88 and a one year high of $67.37. The company has a market cap of $6.38 billion, a PE ratio of 13.11 and a beta of 0.34. The firm’s 50 day simple moving average is $53.65 and its 200 day simple moving average is $56.75.

iShares MSCI China ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.3613 per share. The ex-dividend date of this dividend 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.