Richard Bernstein Advisors LLC Has $286.81 Million Stock Holdings in iShares MSCI China ETF (NASDAQ:MCHI)

Richard Bernstein Advisors LLC lowered its position in iShares MSCI China ETF (NASDAQ:MCHIFree Report) by 3.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,625,232 shares of the company’s stock after selling 262,876 shares during the period. iShares MSCI China ETF accounts for approximately 4.7% of Richard Bernstein Advisors LLC’s portfolio, making the stock its 3rd largest position. Richard Bernstein Advisors LLC owned 4.32% of iShares MSCI China ETF worth $286,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. bought a new stake in iShares MSCI China ETF during the second quarter worth $28,000. Coastal Investment Advisors Inc. bought a new stake in iShares MSCI China ETF in the second quarter worth about $30,000. Tower Research Capital LLC TRC boosted its stake in iShares MSCI China ETF by 80.8% in the second quarter. Tower Research Capital LLC TRC now owns 698 shares of the company’s stock valued at $31,000 after acquiring an additional 312 shares during the last quarter. Cornerstone Planning Group LLC bought a new position in shares of iShares MSCI China ETF during the 2nd quarter valued at approximately $34,000. Finally, Bessemer Group Inc. purchased a new stake in shares of iShares MSCI China ETF during the 4th quarter worth approximately $40,000.

iShares MSCI China ETF Stock Down 2.9 %

iShares MSCI China ETF stock traded down $1.18 during trading on Wednesday, hitting $38.91. The stock had a trading volume of 5,005,602 shares, compared to its average volume of 5,004,062. The stock’s 50 day moving average is $38.52 and its two-hundred day moving average is $41.49. iShares MSCI China ETF has a 1 year low of $35.58 and a 1 year high of $50.60. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 10.23 and a beta of 0.49.

iShares MSCI China ETF Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, December 27th. Stockholders of record on Thursday, December 21st were given a dividend of $0.994 per share. The ex-dividend date was Wednesday, December 20th. This is a boost from iShares MSCI China ETF’s previous Semi-Annual dividend of $0.43.

iShares MSCI China ETF Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for iShares MSCI China ETF (NASDAQ:MCHI)

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