New England Private Wealth Advisors LLC reduced its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI – Free Report) by 88.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,736 shares of the company’s stock after selling 20,424 shares during the period. New England Private Wealth Advisors LLC’s holdings in iShares MSCI China ETF were worth $164,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI China ETF by 522.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,717 shares of the company’s stock valued at $204,314,000 after buying an additional 2,604,585 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of iShares MSCI China ETF by 21.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,269,856 shares of the company’s stock valued at $136,350,000 after buying an additional 406,236 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares MSCI China ETF by 855.9% during the 3rd quarter. Bank of America Corp DE now owns 1,479,714 shares of the company’s stock valued at $97,439,000 after buying an additional 1,324,910 shares in the last quarter. Phoenix Financial Ltd. lifted its position 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 valued at $79,461,000 after buying an additional 822,800 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares MSCI China ETF by 19,983.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 916,424 shares of the company’s stock valued at $55,050,000 after buying an additional 911,861 shares in the last quarter.
iShares MSCI China ETF Stock Down 0.8%
MCHI stock opened at $55.54 on Friday. iShares MSCI China ETF has a twelve month low of $52.53 and a twelve month high of $67.37. The stock has a market cap of $6.51 billion, a P/E ratio of 13.11 and a beta of 0.34. The business’s 50-day moving average price is $57.14 and its 200-day moving average price is $59.98.
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. 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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