Allianz Asset Management GmbH Increases Stake in iShares MSCI China ETF $MCHI

Allianz Asset Management GmbH increased its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 26.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,675 shares of the company’s stock after buying an additional 13,980 shares during the period. Allianz Asset Management GmbH’s holdings in iShares MSCI China ETF were worth $4,391,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of iShares MSCI China ETF by 49.6% in the 1st quarter. Millennium Management LLC now owns 70,891 shares of the company’s stock valued at $3,856,000 after purchasing an additional 23,513 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of iShares MSCI China ETF by 1,740.0% during the first quarter. Jones Financial Companies Lllp now owns 18,050 shares of the company’s stock worth $906,000 after purchasing an additional 17,069 shares in the last quarter. Goldman Sachs Group Inc. increased 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 buying an additional 192,712 shares during the last quarter. Empowered Funds LLC purchased a new position in iShares MSCI China ETF in the first quarter valued at $2,947,000. Finally, Woodline Partners LP acquired a new stake in iShares MSCI China ETF in the first quarter valued at $2,026,000.

iShares MSCI China ETF Price Performance

Shares of NASDAQ MCHI opened at $61.99 on Wednesday. The business has a 50-day moving average of $61.80 and a two-hundred day moving average of $62.24. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. 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 issued a dividend of $0.735 per share. The ex-dividend date of this dividend 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.