Kingsview Wealth Management LLC Invests $2.91 Million in iShares MSCI China ETF (NASDAQ:MCHI)

Kingsview Wealth Management LLC purchased a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 62,069 shares of the company’s stock, valued at approximately $2,909,000. Kingsview Wealth Management LLC owned about 0.06% of iShares MSCI China ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Creative Planning bought a new stake in shares of iShares MSCI China ETF in the 3rd quarter worth about $221,000. Blue Trust Inc. grew its position in iShares MSCI China ETF by 137.6% in the third quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock worth $167,000 after acquiring an additional 1,895 shares in the last quarter. DMC Group LLC purchased a new position in iShares MSCI China ETF in the third quarter worth about $232,000. Private Advisor Group LLC increased its stake in iShares MSCI China ETF by 13.7% during the third quarter. Private Advisor Group LLC now owns 13,834 shares of the company’s stock worth $704,000 after acquiring an additional 1,665 shares during the last quarter. Finally, Osborne Partners Capital Management LLC purchased a new stake in iShares MSCI China ETF during the third quarter valued at approximately $238,000.

iShares MSCI China ETF Price Performance

NASDAQ:MCHI opened at $49.73 on Monday. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. The business has a 50 day simple moving average of $47.19 and a 200-day simple moving average of $46.39. iShares MSCI China ETF has a 1 year low of $37.01 and a 1 year high of $59.78.

iShares MSCI China ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.8911 per share. The ex-dividend date was Tuesday, December 17th.

iShares MSCI China ETF 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.