Citigroup Inc. Reduces Position in iShares MSCI China ETF $MCHI

Citigroup Inc. lowered its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 7.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,207 shares of the company’s stock after selling 16,538 shares during the period. Citigroup Inc. owned 0.16% of iShares MSCI China ETF worth $13,842,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of iShares MSCI China ETF by 522.9% in the third quarter. JPMorgan Chase & Co. now owns 3,102,717 shares of the company’s stock valued at $204,314,000 after purchasing an additional 2,604,585 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in iShares MSCI China ETF by 1,811.9% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 410,263 shares of the company’s stock worth $27,012,000 after buying an additional 388,805 shares during the last quarter. Angeles Investment Advisors LLC purchased a new stake in iShares MSCI China ETF in the 3rd quarter valued at about $14,948,000. Goldman Sachs Group Inc. increased its stake in shares of iShares MSCI China ETF by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 561,233 shares of the company’s stock valued at $30,531,000 after acquiring an additional 192,712 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in shares of iShares MSCI China ETF by 1,637.2% during the 2nd quarter. Quadrature Capital Ltd now owns 162,658 shares of the company’s stock worth $8,962,000 after acquiring an additional 153,295 shares during the period.

iShares MSCI China ETF Stock Down 0.3%

Shares of MCHI opened at $59.06 on Friday. iShares MSCI China ETF has a fifty-two week low of $44.71 and a fifty-two week high of $67.37. The company’s fifty day moving average is $61.62 and its two-hundred day moving average is $62.41. The firm has a market cap of $7.48 billion, a PE ratio of 13.11 and a beta of 0.26.

iShares MSCI China ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $0.735 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 246.0%.

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.