iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Stock Price Up 0.8% – Time to Buy?

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) shares were up 0.8% during mid-day trading on Wednesday . The stock traded as high as $25.12 and last traded at $25.08. Approximately 59,129 shares were traded during mid-day trading, an increase of 63% from the average daily volume of 36,359 shares. The stock had previously closed at $24.89.

iShares MSCI China Multisector Tech ETF Stock Up 0.8%

The stock has a fifty day moving average of $24.00 and a 200-day moving average of $23.58. The firm has a market capitalization of $47.65 million, a P/E ratio of 17.30 and a beta of 0.53.

iShares MSCI China Multisector Tech ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $0.4615 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 402.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TCHI. Aviso Financial Inc. acquired a new stake in iShares MSCI China Multisector Tech ETF in the 3rd quarter valued at $27,000. Osaic Holdings Inc. grew its holdings in shares of iShares MSCI China Multisector Tech ETF by 10,956.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock valued at $35,000 after acquiring an additional 1,753 shares in the last quarter. Jane Street Group LLC bought a new position in shares of iShares MSCI China Multisector Tech ETF in the 2nd quarter valued at about $328,000. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI China Multisector Tech ETF in the second quarter valued at about $1,281,000. Finally, Arete Wealth Advisors LLC bought a new stake in iShares MSCI China Multisector Tech ETF during the third quarter worth about $2,215,000.

iShares MSCI China Multisector Tech ETF Company Profile

The iShares MSCI China Multisector Tech ETF (TCHI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries. TCHI was launched on Jan 25, 2022 and is managed by BlackRock.