iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Stock Price Up 2.9% – Here’s What Happened

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) rose 2.9% on Friday . The stock traded as high as $23.58 and last traded at $23.47. Approximately 77,401 shares were traded during trading, an increase of 189% from the average daily volume of 26,738 shares. The stock had previously closed at $22.80.

iShares MSCI China Multisector Tech ETF Stock Performance

The firm has a fifty day moving average price of $21.45 and a two-hundred day moving average price of $20.09. The stock has a market capitalization of $28.16 million, a P/E ratio of 17.30 and a beta of 0.33.

iShares MSCI China Multisector Tech ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were paid a $0.1083 dividend. The ex-dividend date was Monday, June 16th.

Institutional Investors Weigh In On iShares MSCI China Multisector Tech ETF

Several hedge funds and other institutional investors have recently modified their holdings of TCHI. Osaic Holdings Inc. increased its stake in shares of iShares MSCI China Multisector Tech ETF by 10,956.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock worth $35,000 after purchasing an additional 1,753 shares in the last quarter. Garde Capital Inc. purchased a new stake in shares of iShares MSCI China Multisector Tech ETF in the 1st quarter worth $90,000. Jane Street Group LLC purchased a new stake in shares of iShares MSCI China Multisector Tech ETF in the 2nd quarter worth $328,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI China Multisector Tech ETF in the 2nd quarter worth $1,281,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares MSCI China Multisector Tech ETF in the 1st quarter worth $4,137,000.

iShares MSCI China Multisector Tech ETF Company Profile

The iShares MSCI China Multisector Tech ETF (TCHI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries. TCHI was launched on Jan 25, 2022 and is managed by BlackRock.