Meitav Investment House Ltd. Sells 1,755,000 Shares of iShares MSCI China ETF $MCHI

Meitav Investment House Ltd. decreased its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 67.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 846,233 shares of the company’s stock after selling 1,755,000 shares during the quarter. Meitav Investment House Ltd. owned 0.66% of iShares MSCI China ETF worth $55,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in iShares MSCI China ETF by 6.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 9,081 shares of the company’s stock valued at $500,000 after acquiring an additional 515 shares during the period. Avalon Capital Management purchased a new position in shares of iShares MSCI China ETF during the third quarter valued at approximately $967,000. GAMMA Investing LLC lifted its position in iShares MSCI China ETF by 10.4% during the third quarter. GAMMA Investing LLC now owns 178,521 shares of the company’s stock valued at $11,756,000 after purchasing an additional 16,772 shares during the period. Matrix Trust Co purchased a new stake in iShares MSCI China ETF in the second quarter worth approximately $266,000. Finally, JGP Wealth Management LLC grew its position in iShares MSCI China ETF by 29.5% in the 2nd quarter. JGP Wealth Management LLC now owns 6,034 shares of the company’s stock worth $332,000 after purchasing an additional 1,375 shares during the period.

iShares MSCI China ETF Trading Down 1.7%

Shares of MCHI opened at $62.52 on Friday. The firm has a fifty day simple moving average of $61.97 and a two-hundred day simple moving average of $61.51. The firm has a market cap of $8.02 billion, a PE ratio of 13.11 and a beta of 0.26. iShares MSCI China ETF has a 1-year low of $44.71 and a 1-year high of $67.37.

iShares MSCI China ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $0.735 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 246.0%.

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. 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.