Syon Capital LLC Buys 132,464 Shares of iShares MSCI China ETF $MCHI

Syon Capital LLC boosted its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 48.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,341 shares of the company’s stock after purchasing an additional 132,464 shares during the quarter. iShares MSCI China ETF comprises approximately 1.4% of Syon Capital LLC’s portfolio, making the stock its 19th biggest holding. Syon Capital LLC owned approximately 0.32% of iShares MSCI China ETF worth $26,889,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of iShares MSCI China ETF in the 2nd quarter worth $28,000. Allworth Financial LP grew its position in iShares MSCI China ETF by 1,087.0% in the second quarter. Allworth Financial LP now owns 546 shares of the company’s stock worth $30,000 after acquiring an additional 500 shares in the last quarter. Huntington National Bank increased its stake in iShares MSCI China ETF by 79,500.0% in the second quarter. Huntington National Bank now owns 796 shares of the company’s stock valued at $44,000 after acquiring an additional 795 shares during the last quarter. MMA Asset Management LLC purchased a new stake in iShares MSCI China ETF during the third quarter valued at about $138,000. Finally, PNC Financial Services Group Inc. raised its position in iShares MSCI China ETF by 126.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,864 shares of the company’s stock valued at $189,000 after purchasing an additional 1,600 shares in the last quarter.

iShares MSCI China ETF Trading Up 0.4%

MCHI opened at $60.61 on Wednesday. The stock has a market capitalization of $7.67 billion, a P/E ratio of 13.11 and a beta of 0.26. The stock has a 50-day moving average price of $61.68 and a 200-day moving average price of $62.34. iShares MSCI China ETF has a 12-month low of $44.71 and a 12-month high of $67.37.

iShares MSCI China ETF Dividend Announcement

The firm also recently declared 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. This represents a 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.