PNC Financial Services Group Inc. Has $123,000 Stake in iShares MSCI China ETF (NASDAQ:MCHI)

PNC Financial Services Group Inc. lowered its holdings in iShares MSCI China ETF (NASDAQ:MCHI) by 29.0% in the fourth quarter, Holdings Channel reports. The firm owned 3,030 shares of the company’s stock after selling 1,237 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MSCI China ETF were worth $123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of iShares MSCI China ETF by 69.4% in the fourth quarter. Wellington Management Group LLP now owns 285,202 shares of the company’s stock valued at $11,619,000 after acquiring an additional 116,887 shares during the last quarter. Prospect Financial Services LLC bought a new stake in shares of iShares MSCI China ETF during the 4th quarter worth approximately $244,000. DRW Securities LLC boosted its holdings in shares of iShares MSCI China ETF by 81.9% in the 4th quarter. DRW Securities LLC now owns 865,990 shares of the company’s stock valued at $35,280,000 after buying an additional 389,828 shares during the last quarter. Financial Network Wealth Advisors LLC bought a new position in shares of iShares MSCI China ETF in the fourth quarter valued at $718,000. Finally, Bridgewater Associates LP increased its holdings in iShares MSCI China ETF by 1.6% during the fourth quarter. Bridgewater Associates LP now owns 1,972,950 shares of the company’s stock worth $80,378,000 after buying an additional 31,095 shares during the last quarter.

iShares MSCI China ETF Price Performance

Shares of MCHI stock opened at $43.37 on Friday. The company has a fifty day moving average price of $44.11 and a two-hundred day moving average price of $40.88. iShares MSCI China ETF has a one year low of $35.58 and a one year high of $49.94. The stock has a market cap of $5.14 billion, a P/E ratio of 10.76 and a beta of 0.49.

iShares MSCI China ETF Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were paid a $0.1905 dividend. The ex-dividend date of this dividend was Tuesday, June 11th.

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.