Fosun International Ltd Sells 191,282 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

Fosun International Ltd lowered its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 76.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,718 shares of the company’s stock after selling 191,282 shares during the period. iShares MSCI China ETF comprises about 0.9% of Fosun International Ltd’s investment portfolio, making the stock its 9th biggest holding. Fosun International Ltd’s holdings in iShares MSCI China ETF were worth $2,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Demars Financial Group LLC bought a new position in iShares MSCI China ETF during the fourth quarter valued at approximately $151,283,000. Alberta Investment Management Corp raised 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 in the last quarter. OLD Mission Capital LLC lifted its stake in shares of iShares MSCI China ETF by 228.1% in the 4th quarter. OLD Mission Capital LLC now owns 1,969,541 shares of the company’s stock valued at $92,293,000 after purchasing an additional 1,369,309 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares MSCI China ETF by 14.7% in the fourth quarter. LPL Financial LLC now owns 1,401,303 shares of the company’s stock worth $65,665,000 after purchasing an additional 179,251 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in iShares MSCI China ETF by 43.3% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 1,302,890 shares of the company’s stock worth $61,053,000 after buying an additional 393,630 shares during the last quarter.

iShares MSCI China ETF Price Performance

NASDAQ MCHI opened at $53.25 on Friday. iShares MSCI China ETF has a fifty-two week low of $39.95 and a fifty-two week high of $59.79. The stock’s 50-day moving average is $52.81 and its two-hundred day moving average is $50.14. The firm has a market cap of $5.68 billion, a P/E ratio of 12.54 and a beta of 0.49.

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.