London & Capital Asset Management Ltd Invests $8.39 Million in iShares MSCI China ETF $MCHI

London & Capital Asset Management Ltd bought a new position in shares of iShares MSCI China ETF (NASDAQ:MCHI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 127,384 shares of the company’s stock, valued at approximately $8,388,000. London & Capital Asset Management Ltd owned about 0.10% of iShares MSCI China ETF at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MCHI. Angeles Investment Advisors LLC acquired a new stake in iShares MSCI China ETF during the third quarter worth approximately $14,948,000. Avalon Capital Management bought a new position in shares of iShares MSCI China ETF during the third quarter worth approximately $967,000. GAMMA Investing LLC lifted its holdings in iShares MSCI China ETF by 10.4% during the 3rd quarter. GAMMA Investing LLC now owns 178,521 shares of the company’s stock worth $11,756,000 after purchasing an additional 16,772 shares during the last quarter. Schroder Investment Management Group bought a new stake in iShares MSCI China ETF in the 2nd quarter valued at $6,522,000. Finally, Monument Capital Management acquired a new position in iShares MSCI China ETF in the 3rd quarter valued at $1,739,000.

iShares MSCI China ETF Stock Performance

MCHI opened at $59.06 on Monday. iShares MSCI China ETF has a fifty-two week low of $44.71 and a fifty-two week high of $67.37. The company has a market capitalization of $7.48 billion, a P/E ratio of 13.11 and a beta of 0.26. The stock has a fifty day moving average of $61.62 and a 200-day moving average of $62.45.

iShares MSCI China ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $0.735 dividend. 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.