iShares MSCI China ETF (NASDAQ:MCHI) Sees Strong Trading Volume – What’s Next?

iShares MSCI China ETF (NASDAQ:MCHI) saw an uptick in trading volume on Wednesday . 1,193,941 shares were traded during trading, a decline of 46% from the previous session’s volume of 2,227,486 shares.The stock last traded at $44.73 and had previously closed at $45.24.

iShares MSCI China ETF Price Performance

The business has a fifty day simple moving average of $47.69 and a two-hundred day simple moving average of $45.74. The company has a market cap of $5.06 billion, a PE ratio of 10.76 and a beta of 0.49.

iShares MSCI China ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.8911 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares MSCI China ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MCHI. Safe Harbor Fiduciary LLC purchased a new stake in shares of iShares MSCI China ETF during the 3rd quarter valued at $27,000. Blue Trust Inc. lifted its holdings in shares of iShares MSCI China ETF by 137.6% during the 3rd quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after purchasing an additional 1,895 shares during the last quarter. Creative Planning purchased a new position in iShares MSCI China ETF in the 3rd quarter worth $221,000. Tidal Investments LLC purchased a new position in iShares MSCI China ETF in the 3rd quarter worth $223,000. Finally, DMC Group LLC purchased a new position in iShares MSCI China ETF in the 3rd quarter worth $232,000.

iShares MSCI China ETF Company 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.