TBH Global Asset Management LLC Invests $1.27 Million in iShares MSCI China ETF $MCHI

TBH Global Asset Management LLC purchased a new position in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the third quarter, HoldingsChannel.com reports. The fund purchased 19,274 shares of the company’s stock, valued at approximately $1,269,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in iShares MSCI China ETF during the 2nd quarter worth $28,000. Allworth Financial LP lifted its stake in shares of iShares MSCI China ETF by 1,087.0% in the 2nd quarter. Allworth Financial LP now owns 546 shares of the company’s stock valued at $30,000 after purchasing an additional 500 shares during the period. Huntington National Bank lifted its stake in shares of iShares MSCI China ETF by 79,500.0% in the 2nd quarter. Huntington National Bank now owns 796 shares of the company’s stock valued at $44,000 after purchasing an additional 795 shares during the period. Activest Wealth Management bought a new position in shares of iShares MSCI China ETF in the 2nd quarter worth $72,000. Finally, Ramirez Asset Management Inc. bought a new position in shares of iShares MSCI China ETF in the 2nd quarter worth $149,000.

iShares MSCI China ETF Trading Up 0.3%

NASDAQ MCHI opened at $60.58 on Wednesday. The stock has a 50-day simple moving average of $62.40 and a 200 day simple moving average of $60.86. The company has a market capitalization of $7.77 billion, a PE ratio of 13.11 and a beta of 0.26. iShares MSCI China ETF has a 12 month low of $43.70 and a 12 month high of $67.37.

iShares MSCI China ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $0.735 dividend. This represents a dividend yield of 246.0%. The ex-dividend date was Tuesday, December 16th.

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.