Nipun Capital L.P. decreased its stake in iShares MSCI China ETF (NASDAQ:MCHI – Free Report) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 807,800 shares of the company’s stock after selling 30,000 shares during the quarter. iShares MSCI China ETF makes up about 19.2% of Nipun Capital L.P.’s holdings, making the stock its 2nd biggest position. Nipun Capital L.P. owned approximately 0.71% of iShares MSCI China ETF worth $42,159,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. SPX Gestao de Recursos Ltda bought a new stake in iShares MSCI China ETF in the first quarter worth $54,607,000. Temasek Holdings Private Ltd acquired a new position in shares of iShares MSCI China ETF during the fourth quarter worth approximately $44,741,000. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI China ETF by 859.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 488,288 shares of the company’s stock valued at $24,915,000 after purchasing an additional 437,395 shares during the period. USS Investment Management Ltd bought a new stake in shares of iShares MSCI China ETF in the first quarter valued at about $24,547,000. Finally, Meitav Investment House Ltd. grew its holdings in shares of iShares MSCI China ETF by 38.9% during the 1st quarter. Meitav Investment House Ltd. now owns 1,175,148 shares of the company’s stock worth $66,020,000 after purchasing an additional 328,915 shares in the last quarter.
iShares MSCI China ETF Stock Performance
Shares of MCHI stock traded down $0.48 during mid-day trading on Thursday, reaching $51.16. The company’s stock had a trading volume of 978,685 shares, compared to its average volume of 3,049,961. The company has a market cap of $5.85 billion, a P/E ratio of 13.11 and a beta of 0.33. The firm’s 50-day moving average is $54.17 and its two-hundred day moving average is $54.84. iShares MSCI China ETF has a 1-year low of $49.88 and a 1-year high of $66.16.
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.
Recommended Stories
- Five stocks we like better than iShares MSCI China ETF
- PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
- This Space ETF Offers SpaceX Exposure—But Investors Are Paying for the Volatilit
- Does Lemonade’s Growth Signal Profits Ahead?
Want to see what other hedge funds are holding MCHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI China ETF (NASDAQ:MCHI – Free Report).
Receive News & Ratings for iShares MSCI China ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI China ETF and related companies with MarketBeat.com's FREE daily email newsletter.
