Royal Bank of Canada Sells 144,126 Shares of iShares MSCI China ETF $MCHI

Royal Bank of Canada lessened its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 45.7% in the first quarter, HoldingsChannel.com reports. The firm owned 170,929 shares of the company’s stock after selling 144,126 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI China ETF were worth $9,602,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fort Sheridan Advisors LLC lifted its position in shares of iShares MSCI China ETF by 5.2% in the 4th quarter. Fort Sheridan Advisors LLC now owns 3,397 shares of the company’s stock worth $204,000 after purchasing an additional 168 shares during the period. Banque Cantonale Vaudoise increased its position in shares of iShares MSCI China ETF by 11.2% during the fourth quarter. Banque Cantonale Vaudoise now owns 1,777 shares of the company’s stock worth $107,000 after buying an additional 179 shares during the period. Bank of Nova Scotia raised its stake in iShares MSCI China ETF by 1.5% during the second quarter. Bank of Nova Scotia now owns 17,052 shares of the company’s stock worth $939,000 after buying an additional 246 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in iShares MSCI China ETF by 2.2% in the second quarter. IHT Wealth Management LLC now owns 13,101 shares of the company’s stock valued at $722,000 after buying an additional 277 shares during the period. Finally, New England Private Wealth Advisors LLC boosted its position in iShares MSCI China ETF by 1.2% during the fourth quarter. New England Private Wealth Advisors LLC now owns 23,441 shares of the company’s stock valued at $1,408,000 after acquiring an additional 281 shares during the last quarter.

iShares MSCI China ETF Stock Performance

Shares of iShares MSCI China ETF stock opened at $56.57 on Monday. The business has a 50-day moving average price of $53.65 and a two-hundred day moving average price of $56.75. iShares MSCI China ETF has a 1-year low of $49.88 and a 1-year high of $67.37. The company has a market cap of $6.38 billion, a P/E ratio of 13.11 and a beta of 0.34.

iShares MSCI China ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.3613 per share. The ex-dividend date of this dividend was Monday, June 15th.

About iShares MSCI China ETF

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.