Ridgewood Investments LLC Has $1.02 Million Stake in iShares MSCI China ETF (NASDAQ:MCHI)

Ridgewood Investments LLC increased its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 2.4% during the fourth quarter, HoldingsChannel reports. The fund owned 21,694 shares of the company’s stock after buying an additional 500 shares during the period. Ridgewood Investments LLC’s holdings in iShares MSCI China ETF were worth $1,017,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new position in iShares MSCI China ETF in the third quarter valued at $27,000. Blue Trust Inc. grew its position in iShares MSCI China ETF by 137.6% in the third quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after purchasing an additional 1,895 shares in the last quarter. Creative Planning bought a new position in iShares MSCI China ETF in the third quarter valued at $221,000. Tidal Investments LLC bought a new position in iShares MSCI China ETF in the third quarter valued at $223,000. Finally, DMC Group LLC bought a new position in iShares MSCI China ETF in the third quarter valued at $232,000.

iShares MSCI China ETF Stock Performance

iShares MSCI China ETF stock traded down $1.09 during mid-day trading on Friday, reaching $43.84. The company’s stock had a trading volume of 1,444,454 shares, compared to its average volume of 2,522,639. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. iShares MSCI China ETF has a 12 month low of $35.58 and a 12 month high of $59.78. The business’s 50 day simple moving average is $47.69 and its 200 day simple moving average is $45.74.

iShares MSCI China ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a $0.8911 dividend. The ex-dividend date was Tuesday, December 17th.

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.