Gallacher Capital Management LLC Trims Stake in iShares MSCI China ETF (NASDAQ:MCHI)

Gallacher Capital Management LLC cut its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,335 shares of the company’s stock after selling 464 shares during the period. iShares MSCI China ETF accounts for approximately 0.8% of Gallacher Capital Management LLC’s portfolio, making the stock its 24th largest position. Gallacher Capital Management LLC’s holdings in iShares MSCI China ETF were worth $1,515,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Alberta Investment Management Corp grew its position in shares of iShares MSCI China ETF by 66.6% in the 4th quarter. Alberta Investment Management Corp now owns 2,979,356 shares of the company’s stock worth $139,613,000 after buying an additional 1,191,466 shares during the period. TT International Asset Management LTD purchased a new stake in iShares MSCI China ETF in the third quarter worth about $35,807,000. Flow Traders U.S. LLC purchased a new stake in iShares MSCI China ETF in the third quarter worth about $14,982,000. Galvin Gaustad & Stein LLC bought a new position in shares of iShares MSCI China ETF during the fourth quarter valued at approximately $11,211,000. Finally, Erste Asset Management GmbH purchased a new position in shares of iShares MSCI China ETF during the third quarter valued at approximately $10,260,000.

iShares MSCI China ETF Stock Up 2.9 %

iShares MSCI China ETF stock opened at $57.37 on Friday. iShares MSCI China ETF has a twelve month low of $38.83 and a twelve month high of $59.78. The company has a market capitalization of $6.15 billion, a P/E ratio of 13.52 and a beta of 0.49. The stock’s 50 day moving average is $50.53 and its 200 day moving average is $48.61.

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 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.