Squarepoint Ops LLC purchased a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 125,462 shares of the company’s stock, valued at approximately $6,402,000.
Several other large investors have also made changes to their positions in MCHI. Fosun International Ltd acquired a new position in iShares MSCI China ETF in the fourth quarter worth approximately $10,452,000. Jordan Park Group LLC grew its position in iShares MSCI China ETF by 28.0% in the fourth quarter. Jordan Park Group LLC now owns 722,206 shares of the company’s stock worth $43,383,000 after acquiring an additional 157,985 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares MSCI China ETF by 19,983.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 916,424 shares of the company’s stock worth $55,050,000 after acquiring an additional 911,861 shares in the last quarter. Phoenix Financial Ltd. increased its stake in shares of iShares MSCI China ETF by 164.6% during the 4th quarter. Phoenix Financial Ltd. now owns 1,322,800 shares of the company’s stock worth $79,461,000 after purchasing an additional 822,800 shares during the last quarter. Finally, Temasek Holdings Private Ltd acquired a new position in shares of iShares MSCI China ETF during the 4th quarter worth $44,741,000.
iShares MSCI China ETF Trading Down 1.0%
iShares MSCI China ETF stock opened at $52.80 on Friday. The company has a market capitalization of $5.96 billion, a P/E ratio of 13.11 and a beta of 0.34. The firm’s fifty day simple moving average is $54.42 and its 200-day simple moving average is $55.59. iShares MSCI China ETF has a 1-year low of $49.88 and a 1-year high of $67.37.
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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.
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