iShares MSCI China ETF $MCHI Shares Sold by Citigroup Inc.

Citigroup Inc. cut its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,207 shares of the company’s stock after selling 16,538 shares during the period. Citigroup Inc.’s holdings in iShares MSCI China ETF were worth $13,842,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MCHI. Siligmueller & Norvid Wealth Advisors LLC bought a new position in shares of iShares MSCI China ETF in the 3rd quarter worth about $585,000. Y.D. More Investments Ltd raised its stake in iShares MSCI China ETF by 150.0% during the third quarter. Y.D. More Investments Ltd now owns 25,000 shares of the company’s stock worth $1,646,000 after acquiring an additional 15,000 shares during the period. Avestar Capital LLC lifted its holdings in iShares MSCI China ETF by 37.7% in the third quarter. Avestar Capital LLC now owns 24,449 shares of the company’s stock worth $1,610,000 after acquiring an additional 6,699 shares during the last quarter. Essex Financial Services Inc. acquired a new position in iShares MSCI China ETF in the third quarter valued at approximately $254,000. Finally, Syon Capital LLC grew its holdings in shares of iShares MSCI China ETF by 48.0% during the third quarter. Syon Capital LLC now owns 408,341 shares of the company’s stock valued at $26,889,000 after purchasing an additional 132,464 shares during the last quarter.

iShares MSCI China ETF Stock Performance

MCHI stock opened at $59.06 on Friday. iShares MSCI China ETF has a 1 year low of $44.71 and a 1 year high of $67.37. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 13.11 and a beta of 0.26. The stock’s fifty day moving average is $61.62 and its two-hundred day moving average is $62.41.

iShares MSCI China ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid 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.