Fifth Third Bancorp Buys 230,665 Shares of iShares MSCI China ETF $MCHI

Fifth Third Bancorp grew its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 922,660.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,690 shares of the company’s stock after buying an additional 230,665 shares during the period. Fifth Third Bancorp owned approximately 0.20% of iShares MSCI China ETF worth $12,960,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Fosun International Ltd acquired a new stake in iShares MSCI China ETF in the 4th quarter worth approximately $10,452,000. Jordan Park Group LLC boosted its position in iShares MSCI China ETF by 28.0% during the fourth quarter. Jordan Park Group LLC now owns 722,206 shares of the company’s stock worth $43,383,000 after purchasing an additional 157,985 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in iShares MSCI China ETF by 19,983.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 916,424 shares of the company’s stock valued at $55,050,000 after purchasing an additional 911,861 shares during the last quarter. Strategic Investment Advisors MI acquired a new position in iShares MSCI China ETF during the third quarter valued at approximately $1,945,000. Finally, PNC Financial Services Group Inc. grew its holdings in iShares MSCI China ETF by 1,692.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 51,331 shares of the company’s stock valued at $3,083,000 after purchasing an additional 48,467 shares during the last quarter.

iShares MSCI China ETF Stock Up 1.3%

NASDAQ:MCHI opened at $53.23 on Wednesday. The company’s 50 day moving average is $54.45 and its 200-day moving average is $57.68. iShares MSCI China ETF has a 12 month low of $49.88 and a 12 month high of $67.37. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 13.11 and a beta of 0.33.

iShares MSCI China ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.3613 per share. The ex-dividend date of this dividend was Monday, June 15th.

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.