PNC Financial Services Group Inc. Cuts Holdings in iShares MSCI China ETF $MCHI

PNC Financial Services Group Inc. decreased its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 10.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,190 shares of the company’s stock after selling 265 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI China ETF were worth $119,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MCHI. GAMMA Investing LLC grew its position in iShares MSCI China ETF by 6,784.5% in the first quarter. GAMMA Investing LLC now owns 8,528,995 shares of the company’s stock worth $463,977,000 after acquiring an additional 8,405,108 shares in the last quarter. Demars Financial Group LLC lifted its stake in iShares MSCI China ETF by 24.3% in the first quarter. Demars Financial Group LLC now owns 4,014,164 shares of the company’s stock worth $218,371,000 after purchasing an additional 785,755 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in iShares MSCI China ETF by 35,780.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,545,357 shares of the company’s stock worth $84,067,000 after purchasing an additional 1,541,050 shares during the last quarter. LPL Financial LLC lifted its stake in iShares MSCI China ETF by 1.8% in the first quarter. LPL Financial LLC now owns 1,426,513 shares of the company’s stock worth $77,602,000 after purchasing an additional 25,210 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in iShares MSCI China ETF by 4,779.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 955,930 shares of the company’s stock worth $44,795,000 after purchasing an additional 936,338 shares during the last quarter.

iShares MSCI China ETF Price Performance

Shares of NASDAQ MCHI opened at $59.59 on Wednesday. The company has a market cap of $7.29 billion, a P/E ratio of 13.11 and a beta of 0.49. iShares MSCI China ETF has a 1 year low of $40.25 and a 1 year high of $60.58. The firm has a 50-day simple moving average of $56.68 and a two-hundred day simple moving average of $54.36.

iShares MSCI China ETF Cuts Dividend

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

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.