HighTower Advisors LLC Trims Position in iShares MSCI China ETF (NASDAQ:MCHI)

HighTower Advisors LLC decreased its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 22.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,278 shares of the company’s stock after selling 2,139 shares during the quarter. HighTower Advisors LLC’s holdings in iShares MSCI China ETF were worth $372,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MCHI. Erste Asset Management GmbH acquired a new position in shares of iShares MSCI China ETF during the 3rd quarter valued at about $10,260,000. Flow Traders U.S. LLC purchased a new stake in iShares MSCI China ETF in the third quarter valued at approximately $14,982,000. BNP Paribas Financial Markets increased its position in iShares MSCI China ETF by 8.5% during the third quarter. BNP Paribas Financial Markets now owns 154,736 shares of the company’s stock worth $7,878,000 after purchasing an additional 12,109 shares during the last quarter. D.A. Davidson & CO. raised its stake in iShares MSCI China ETF by 127.6% during the third quarter. D.A. Davidson & CO. now owns 66,475 shares of the company’s stock worth $3,384,000 after purchasing an additional 37,264 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in shares of iShares MSCI China ETF by 4.3% in the 3rd quarter. Penserra Capital Management LLC now owns 356,253 shares of the company’s stock valued at $18,136,000 after purchasing an additional 14,546 shares during the last quarter.

iShares MSCI China ETF Stock Up 0.8 %

Shares of NASDAQ MCHI opened at $47.10 on Monday. The stock has a market capitalization of $5.93 billion, a PE ratio of 10.76 and a beta of 0.49. The firm has a fifty day moving average of $48.62 and a 200-day moving average of $45.47. iShares MSCI China ETF has a 52-week low of $35.58 and a 52-week high of $59.78.

iShares MSCI China ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $0.8911 dividend. The ex-dividend date was Tuesday, December 17th.

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.