iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) Shares Up 0.8% – Still a Buy?

iShares MSCI China Multisector Tech ETF (NASDAQ:TCHI) shares rose 0.8% on Wednesday . The stock traded as high as $25.12 and last traded at $25.08. Approximately 59,129 shares changed hands during mid-day trading, an increase of 63% from the average daily volume of 36,359 shares. The stock had previously closed at $24.89.

iShares MSCI China Multisector Tech ETF Trading Up 0.8%

The firm’s fifty day moving average price is $24.00 and its 200-day moving average price is $23.58. The company has a market cap of $47.65 million, a price-to-earnings ratio of 17.30 and a beta of 0.53.

iShares MSCI China Multisector Tech ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $0.4615 dividend. This represents a yield of 402.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Hedge Funds Weigh In On iShares MSCI China Multisector Tech ETF

Several institutional investors have recently modified their holdings of the business. Arete Wealth Advisors LLC bought a new stake in iShares MSCI China Multisector Tech ETF during the 3rd quarter worth approximately $2,215,000. Aviso Financial Inc. bought a new stake in shares of iShares MSCI China Multisector Tech ETF during the third quarter worth $27,000. Osaic Holdings Inc. increased its position in shares of iShares MSCI China Multisector Tech ETF by 10,956.3% during the second quarter. Osaic Holdings Inc. now owns 1,769 shares of the company’s stock worth $35,000 after acquiring an additional 1,753 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of iShares MSCI China Multisector Tech ETF during the second quarter worth $328,000. Finally, Flow Traders U.S. LLC bought a new stake in iShares MSCI China Multisector Tech ETF in the 2nd quarter valued at $1,281,000.

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.