iShares MSCI China ETF (NASDAQ:MCHI) Sees Large Volume Increase – Time to Buy?

iShares MSCI China ETF (NASDAQ:MCHI) shares saw an uptick in trading volume on Wednesday . 5,425,405 shares traded hands during trading, an increase of 73% from the previous session’s volume of 3,139,425 shares.The stock last traded at $52.13 and had previously closed at $50.54.

iShares MSCI China ETF Price Performance

The company has a 50-day simple moving average of $47.32 and a 200-day simple moving average of $46.56. The stock has a market cap of $5.57 billion, a PE ratio of 10.76 and a beta of 0.49.

iShares MSCI China ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI China ETF

Hedge funds have recently added to or reduced their stakes in the business. Safe Harbor Fiduciary LLC purchased a new stake in shares of iShares MSCI China ETF during the third quarter worth about $27,000. Jones Financial Companies Lllp grew its stake in iShares MSCI China ETF by 8,818.2% in the 4th quarter. Jones Financial Companies Lllp now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 970 shares during the period. Avior Wealth Management LLC raised its holdings in iShares MSCI China ETF by 114.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $50,000 after acquiring an additional 571 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in iShares MSCI China ETF in the 4th quarter valued at $68,000. Finally, Private Trust Co. NA lifted its stake in shares of iShares MSCI China ETF by 44.3% during the 4th quarter. Private Trust Co. NA now owns 1,766 shares of the company’s stock worth $83,000 after purchasing an additional 542 shares during the period.

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.