iShares MSCI China ETF (NASDAQ:MCHI) Sees Strong Trading Volume

iShares MSCI China ETF (NASDAQ:MCHI) shares saw an uptick in trading volume on Thursday . 9,529,528 shares were traded during trading, an increase of 158% from the previous session’s volume of 3,699,829 shares.The stock last traded at $41.23 and had previously closed at $41.47.

iShares MSCI China ETF Price Performance

The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. The firm has a 50-day moving average price of $43.70 and a two-hundred day moving average price of $41.16.

iShares MSCI China ETF Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.1905 per share. The ex-dividend date of this dividend was Tuesday, June 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MCHI. Elo Mutual Pension Insurance Co acquired a new position in shares of iShares MSCI China ETF during the fourth quarter worth about $33,835,000. Morningstar Investment Services LLC raised its holdings in iShares MSCI China ETF by 98.6% during the fourth quarter. Morningstar Investment Services LLC now owns 1,645,445 shares of the company’s stock worth $66,575,000 after acquiring an additional 817,094 shares in the last quarter. Nipun Capital L.P. bought a new stake in iShares MSCI China ETF during the fourth quarter worth about $20,365,000. DRW Securities LLC raised its holdings in iShares MSCI China ETF by 81.9% during the fourth quarter. DRW Securities LLC now owns 865,990 shares of the company’s stock worth $35,280,000 after acquiring an additional 389,828 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in iShares MSCI China ETF by 74.8% during the fourth quarter. Bank of Nova Scotia now owns 748,486 shares of the company’s stock worth $30,492,000 after acquiring an additional 320,237 shares in the last quarter.

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.