Evanson Financial LLC Invests $576,000 in iShares MSCI China ETF $MCHI

Evanson Financial LLC purchased a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,282 shares of the company’s stock, valued at approximately $576,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MCHI. Bank of America Corp DE raised its holdings in iShares MSCI China ETF by 855.9% in the 3rd quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock worth $97,439,000 after acquiring an additional 1,324,910 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in iShares MSCI China ETF during the 1st quarter valued at $54,607,000. Northwestern Mutual Wealth Management Co. boosted its stake in iShares MSCI China ETF by 19,983.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 916,424 shares of the company’s stock valued at $55,050,000 after purchasing an additional 911,861 shares during the last quarter. Phoenix Financial Ltd. increased its holdings in shares of 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 worth $79,461,000 after purchasing an additional 822,800 shares in the last quarter. Finally, Temasek Holdings Private Ltd bought a new stake in shares of iShares MSCI China ETF in the 4th quarter worth $44,741,000.

iShares MSCI China ETF Price Performance

MCHI stock opened at $56.57 on Friday. iShares MSCI China ETF has a 1-year low of $49.88 and a 1-year high of $67.37. The business has a fifty day moving average price of $53.65 and a 200-day moving average price of $56.79. The stock has a market capitalization of $6.38 billion, a P/E ratio of 13.11 and a beta of 0.34.

iShares MSCI China ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.3613 dividend. The ex-dividend date 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.