iShares MSCI China ETF (NASDAQ:MCHI) Hits New 1-Year Low – Here’s What Happened

iShares MSCI China ETF (NASDAQ:MCHI) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $53.35 and last traded at $53.48, with a volume of 1544672 shares. The stock had previously closed at $54.13.

iShares MSCI China ETF Trading Down 2.1%

The business has a fifty day moving average of $56.67 and a 200-day moving average of $59.00. The company has a market cap of $6.21 billion, a PE ratio of 13.11 and a beta of 0.32.

iShares MSCI China ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MCHI. Financial Life Planners bought a new position in iShares MSCI China ETF in the 3rd quarter worth $26,000. JPL Wealth Management LLC purchased a new position in shares of iShares MSCI China ETF during the third quarter valued at about $34,000. Aventura Private Wealth LLC purchased a new position in shares of iShares MSCI China ETF during the fourth quarter valued at about $38,000. Whittier Trust Co. bought a new position in iShares MSCI China ETF in the fourth quarter worth about $38,000. Finally, Advisory Services Network LLC bought a new position in iShares MSCI China ETF in the third quarter worth about $39,000.

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.