Geneos Wealth Management Inc. purchased a new position in iShares MSCI China ETF (NASDAQ:MCHI – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 34,339 shares of the company’s stock, valued at approximately $1,929,000.
A number of other institutional investors have also made changes to their positions in MCHI. Millennium Management LLC increased its holdings in iShares MSCI China ETF by 49.6% in the first quarter. Millennium Management LLC now owns 70,891 shares of the company’s stock valued at $3,856,000 after purchasing an additional 23,513 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in iShares MSCI China ETF by 1,740.0% during the first quarter. Jones Financial Companies Lllp now owns 18,050 shares of the company’s stock worth $906,000 after buying an additional 17,069 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of iShares MSCI China ETF by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 561,233 shares of the company’s stock worth $30,531,000 after buying an additional 192,712 shares during the period. Empowered Funds LLC acquired a new position in shares of iShares MSCI China ETF during the 1st quarter worth about $2,947,000. Finally, Woodline Partners LP bought a new stake in shares of iShares MSCI China ETF in the 1st quarter valued at about $2,026,000.
iShares MSCI China ETF Price Performance
Shares of NASDAQ:MCHI opened at $52.95 on Friday. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 13.11 and a beta of 0.33. The firm’s 50 day simple moving average is $54.17 and its 200 day simple moving average is $57.55. iShares MSCI China ETF has a fifty-two week low of $49.88 and a fifty-two week high of $67.37.
iShares MSCI China ETF Dividend Announcement
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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