PNC Financial Services Group Inc. Sells 265 Shares of iShares MSCI China ETF $MCHI

PNC Financial Services Group Inc. lessened its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 10.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,190 shares of the company’s stock after selling 265 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI China ETF were worth $119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barings LLC raised its stake in shares of iShares MSCI China ETF by 153.9% during the first quarter. Barings LLC now owns 39,831 shares of the company’s stock valued at $2,167,000 after acquiring an additional 24,144 shares in the last quarter. Galilei Investment Office LLP bought a new position in iShares MSCI China ETF in the first quarter worth approximately $92,000. XTX Topco Ltd bought a new position in iShares MSCI China ETF in the first quarter worth approximately $807,000. Banque Cantonale Vaudoise bought a new position in iShares MSCI China ETF in the first quarter worth approximately $110,000. Finally, Hurley Capital LLC bought a new position in iShares MSCI China ETF in the first quarter worth approximately $47,000.

iShares MSCI China ETF Stock Down 0.7%

Shares of NASDAQ:MCHI opened at $59.59 on Wednesday. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 13.11 and a beta of 0.49. iShares MSCI China ETF has a 52 week low of $40.25 and a 52 week high of $60.58. The firm has a 50 day moving average of $56.68 and a 200 day moving average of $54.36.

iShares MSCI China ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were paid a $0.5356 dividend. The ex-dividend date of this dividend was 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.