Kingsview Wealth Management LLC Invests $2.91 Million in iShares MSCI China ETF (NASDAQ:MCHI)

Kingsview Wealth Management LLC acquired a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the fourth quarter, Holdings Channel reports. The firm acquired 62,069 shares of the company’s stock, valued at approximately $2,909,000.

Several other large investors also recently added to or reduced their stakes in the stock. DHK Financial Advisors Inc. raised its stake in shares of iShares MSCI China ETF by 1.9% during the fourth quarter. DHK Financial Advisors Inc. now owns 22,931 shares of the company’s stock valued at $1,075,000 after acquiring an additional 425 shares in the last quarter. Ridgewood Investments LLC increased its holdings in iShares MSCI China ETF by 2.4% during the 4th quarter. Ridgewood Investments LLC now owns 21,694 shares of the company’s stock worth $1,017,000 after purchasing an additional 500 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in iShares MSCI China ETF during the 3rd quarter valued at $27,000. Avior Wealth Management LLC lifted its holdings in shares of 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 worth $50,000 after buying an additional 571 shares during the period. Finally, Boltwood Capital Management increased its stake in shares of iShares MSCI China ETF by 6.8% during the fourth quarter. Boltwood Capital Management now owns 11,850 shares of the company’s stock valued at $555,000 after buying an additional 750 shares during the period.

iShares MSCI China ETF Price Performance

NASDAQ:MCHI opened at $49.73 on Monday. iShares MSCI China ETF has a 1-year low of $37.01 and a 1-year high of $59.78. The company has a 50-day moving average of $47.19 and a 200 day moving average of $46.39. The firm has a market cap of $5.33 billion, a PE ratio of 10.76 and a beta of 0.49.

iShares MSCI China ETF Announces Dividend

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