Avestar Capital LLC Acquires Shares of 16,707 iShares MSCI China ETF (NASDAQ:MCHI)

Avestar Capital LLC bought a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,707 shares of the company’s stock, valued at approximately $783,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MCHI. TT International Asset Management LTD purchased a new position in iShares MSCI China ETF in the third quarter valued at about $35,807,000. Angeles Investment Advisors LLC raised its position in shares of iShares MSCI China ETF by 104.7% in the 3rd quarter. Angeles Investment Advisors LLC now owns 604,000 shares of the company’s stock valued at $30,750,000 after purchasing an additional 309,000 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI China ETF during the 3rd quarter valued at approximately $14,982,000. Galvin Gaustad & Stein LLC acquired a new stake in shares of iShares MSCI China ETF during the fourth quarter worth approximately $11,211,000. Finally, Erste Asset Management GmbH bought a new stake in shares of iShares MSCI China ETF in the third quarter worth $10,260,000.

iShares MSCI China ETF Price Performance

MCHI opened at $51.85 on Friday. iShares MSCI China ETF has a 12-month low of $37.75 and a 12-month high of $59.78. The stock has a market capitalization of $5.56 billion, a PE ratio of 10.76 and a beta of 0.49. The firm’s fifty day moving average price is $47.42 and its 200 day moving average price is $46.60.

iShares MSCI China ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $0.8911 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.