Copia Wealth Management Makes New $39,000 Investment in iShares MSCI China ETF (NASDAQ:MCHI)

Copia Wealth Management bought a new position in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 715 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds also recently bought and sold shares of MCHI. GAMMA Investing LLC lifted its holdings in iShares MSCI China ETF by 6,784.5% during the first quarter. GAMMA Investing LLC now owns 8,528,995 shares of the company’s stock worth $463,977,000 after buying an additional 8,405,108 shares during the period. Demars Financial Group LLC purchased a new stake in iShares MSCI China ETF during the fourth quarter worth $151,283,000. OLD Mission Capital LLC lifted its holdings in iShares MSCI China ETF by 228.1% during the fourth quarter. OLD Mission Capital LLC now owns 1,969,541 shares of the company’s stock worth $92,293,000 after buying an additional 1,369,309 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of iShares MSCI China ETF by 66.6% during the 4th quarter. Alberta Investment Management Corp now owns 2,979,356 shares of the company’s stock valued at $139,613,000 after purchasing an additional 1,191,466 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of iShares MSCI China ETF by 4,779.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 955,930 shares of the company’s stock valued at $44,795,000 after purchasing an additional 936,338 shares during the last quarter.

iShares MSCI China ETF Trading Up 0.4%

Shares of MCHI opened at $55.01 on Tuesday. iShares MSCI China ETF has a 12 month low of $39.95 and a 12 month high of $59.79. The stock has a fifty day moving average price of $52.94 and a 200-day moving average price of $51.26. The firm has a market cap of $5.86 billion, a PE ratio of 12.65 and a beta of 0.49.

iShares MSCI China ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.5356 per share. The ex-dividend date of this dividend is Monday, June 16th.

iShares MSCI China ETF 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.