Hsbc Holdings PLC Boosts Stock Holdings in iShares MSCI China ETF $MCHI

Hsbc Holdings PLC boosted its position in iShares MSCI China ETF (NASDAQ:MCHI) by 210.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,233 shares of the company’s stock after purchasing an additional 48,949 shares during the period. Hsbc Holdings PLC owned about 0.06% of iShares MSCI China ETF worth $4,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MCHI. Financial Life Planners purchased a new position in shares of iShares MSCI China ETF during the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new stake in shares of iShares MSCI China ETF in the 3rd quarter valued at approximately $34,000. Aventura Private Wealth LLC purchased a new stake in shares of iShares MSCI China ETF in the fourth quarter valued at approximately $38,000. Whittier Trust Co. purchased a new stake in shares of iShares MSCI China ETF in the fourth quarter valued at approximately $38,000. Finally, Advisory Services Network LLC acquired a new position in iShares MSCI China ETF during the third quarter worth $39,000.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI opened at $50.48 on Friday. The stock has a fifty day moving average price of $55.86 and a two-hundred day moving average price of $58.45. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 13.11 and a beta of 0.32. iShares MSCI China ETF has a 1 year low of $49.88 and a 1 year high of $67.37.

iShares MSCI China ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.3613 dividend. The ex-dividend date was Monday, June 15th.

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.