Barings LLC Lowers Stock Position in iShares MSCI China ETF $MCHI

Barings LLC decreased its position in iShares MSCI China ETF (NASDAQ:MCHI) by 88.8% in the third quarter, Holdings Channel reports. The institutional investor owned 2,944 shares of the company’s stock after selling 23,304 shares during the period. Barings LLC’s holdings in iShares MSCI China ETF were worth $194,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of MCHI. JPMorgan Chase & Co. grew its position in shares of iShares MSCI China ETF by 522.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,717 shares of the company’s stock valued at $204,314,000 after acquiring an additional 2,604,585 shares during the period. Nipun Capital L.P. boosted its position in iShares MSCI China ETF by 4.1% during the second quarter. Nipun Capital L.P. now owns 747,200 shares of the company’s stock worth $41,171,000 after purchasing an additional 29,300 shares in the last quarter. Jordan Park Group LLC boosted its position in iShares MSCI China ETF by 83.1% during the second quarter. Jordan Park Group LLC now owns 596,945 shares of the company’s stock worth $32,892,000 after purchasing an additional 270,839 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in iShares MSCI China ETF by 52.3% in the first quarter. Goldman Sachs Group Inc. now owns 561,233 shares of the company’s stock valued at $30,531,000 after purchasing an additional 192,712 shares during the period. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its position in shares of iShares MSCI China ETF by 1.2% in the second quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 560,714 shares of the company’s stock valued at $30,914,000 after buying an additional 6,823 shares in the last quarter.

iShares MSCI China ETF Price Performance

Shares of MCHI stock opened at $61.01 on Friday. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. The stock has a 50 day simple moving average of $61.63 and a 200-day simple moving average of $62.35. iShares MSCI China ETF has a 1-year low of $44.71 and a 1-year high of $67.37.

iShares MSCI China ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.735 per share. The ex-dividend date 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.