HighTower Advisors LLC Reduces Holdings in iShares MSCI China ETF (NASDAQ:MCHI)

HighTower Advisors LLC cut its position in iShares MSCI China ETF (NASDAQ:MCHI) by 22.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,278 shares of the company’s stock after selling 2,139 shares during the quarter. HighTower Advisors LLC’s holdings in iShares MSCI China ETF were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MCHI. Blue Trust Inc. grew its stake in iShares MSCI China ETF by 137.6% during the 3rd quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after purchasing an additional 1,895 shares in the last quarter. Creative Planning acquired a new stake in shares of iShares MSCI China ETF during the third quarter worth approximately $221,000. DMC Group LLC bought a new stake in shares of iShares MSCI China ETF in the third quarter worth $232,000. Ignite Planners LLC bought a new stake in shares of iShares MSCI China ETF in the third quarter worth $235,000. Finally, Osborne Partners Capital Management LLC acquired a new stake in iShares MSCI China ETF in the third quarter valued at $238,000.

iShares MSCI China ETF Stock Performance

Shares of iShares MSCI China ETF stock opened at $47.10 on Monday. The firm has a market cap of $5.93 billion, a PE ratio of 10.76 and a beta of 0.49. iShares MSCI China ETF has a 1 year low of $35.58 and a 1 year high of $59.78. The firm’s 50-day simple moving average is $48.62 and its 200-day simple moving average is $45.47.

iShares MSCI China ETF Dividend Announcement

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