Envestnet Asset Management Inc. Sells 22,505 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

Envestnet Asset Management Inc. decreased its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,158 shares of the company’s stock after selling 22,505 shares during the period. Envestnet Asset Management Inc. owned 0.23% of iShares MSCI China ETF worth $13,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OLD Mission Capital LLC lifted its position in iShares MSCI China ETF by 228.1% during the 4th quarter. OLD Mission Capital LLC now owns 1,969,541 shares of the company’s stock worth $92,293,000 after acquiring an additional 1,369,309 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in iShares MSCI China ETF by 182.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 86,694 shares of the company’s stock worth $4,716,000 after acquiring an additional 56,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in iShares MSCI China ETF by 13.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,401 shares of the company’s stock worth $347,000 after acquiring an additional 906 shares during the last quarter. Cetera Investment Advisers lifted its position in iShares MSCI China ETF by 5.5% during the 4th quarter. Cetera Investment Advisers now owns 7,587 shares of the company’s stock worth $356,000 after acquiring an additional 394 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in iShares MSCI China ETF by 817.1% during the 1st quarter. Farther Finance Advisors LLC now owns 8,566 shares of the company’s stock worth $467,000 after acquiring an additional 7,632 shares during the last quarter.

iShares MSCI China ETF Price Performance

iShares MSCI China ETF stock opened at $57.45 on Friday. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 13.11 and a beta of 0.49. iShares MSCI China ETF has a fifty-two week low of $39.95 and a fifty-two week high of $59.79. The firm has a fifty day moving average price of $54.92 and a two-hundred day moving average price of $52.44.

iShares MSCI China ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were given a $0.5356 dividend. The ex-dividend date was Monday, June 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.