IMC Chicago LLC Purchases New Stake in iShares MSCI China ETF $MCHI

IMC Chicago LLC purchased a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 35,544 shares of the company’s stock, valued at approximately $1,997,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPL Wealth Management LLC acquired a new position in shares of iShares MSCI China ETF in the third quarter valued at $34,000. Advisory Services Network LLC acquired a new stake in shares of iShares MSCI China ETF during the 3rd quarter worth about $39,000. Whittier Trust Co. acquired a new stake in shares of iShares MSCI China ETF during the 4th quarter worth about $38,000. Aventura Private Wealth LLC bought a new stake in shares of iShares MSCI China ETF during the 4th quarter worth about $38,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of iShares MSCI China ETF during the 4th quarter worth about $39,000.

iShares MSCI China ETF Stock Performance

Shares of MCHI opened at $54.15 on Thursday. The firm has a market cap of $6.13 billion, a P/E ratio of 13.11 and a beta of 0.33. iShares MSCI China ETF has a 52 week low of $49.88 and a 52 week high of $67.37. The firm’s 50-day simple moving average is $54.36 and its 200 day simple moving average is $57.63.

iShares MSCI China ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.3613 dividend. 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.