Lake Street Advisors Group LLC Sells 70,079 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

Lake Street Advisors Group LLC lowered its position in iShares MSCI China ETF (NASDAQ:MCHI) by 72.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,655 shares of the company’s stock after selling 70,079 shares during the quarter. Lake Street Advisors Group LLC’s holdings in iShares MSCI China ETF were worth $1,124,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MCHI. Geneos Wealth Management Inc. purchased a new position in iShares MSCI China ETF in the first quarter worth $45,000. Global Retirement Partners LLC grew its position in iShares MSCI China ETF by 28.2% in the first quarter. Global Retirement Partners LLC now owns 1,916 shares of the company’s stock worth $76,000 after acquiring an additional 421 shares in the last quarter. Financial Advocates Investment Management purchased a new position in iShares MSCI China ETF in the fourth quarter worth $98,000. New Republic Capital LLC purchased a new position in iShares MSCI China ETF in the first quarter worth $124,000. Finally, 1832 Asset Management L.P. grew its position in iShares MSCI China ETF by 26.0% in the first quarter. 1832 Asset Management L.P. now owns 4,551 shares of the company’s stock worth $181,000 after acquiring an additional 940 shares in the last quarter.

iShares MSCI China ETF Stock Performance

Shares of NASDAQ:MCHI opened at $40.71 on Friday. iShares MSCI China ETF has a 52-week low of $35.58 and a 52-week high of $47.69. The firm has a fifty day moving average of $41.95 and a 200 day moving average of $42.00. The firm has a market capitalization of $4.58 billion, a PE ratio of 10.76 and a beta of 0.49.

iShares MSCI China ETF Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were given a dividend of $0.1905 per share. The ex-dividend date 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.