BlackDiamond Wealth Management LLC Sells 3,864 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

BlackDiamond Wealth Management LLC cut its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,362 shares of the company’s stock after selling 3,864 shares during the period. BlackDiamond Wealth Management LLC’s holdings in iShares MSCI China ETF were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC bought a new position in iShares MSCI China ETF during the 3rd quarter worth about $27,000. Jones Financial Companies Lllp grew its stake in shares of iShares MSCI China ETF by 8,818.2% during the 4th quarter. Jones Financial Companies Lllp now owns 981 shares of the company’s stock worth $46,000 after purchasing an additional 970 shares during the period. Avior Wealth Management LLC grew its stake in iShares MSCI China ETF by 114.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $50,000 after acquiring an additional 571 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in iShares MSCI China ETF in the 4th quarter valued at $68,000. Finally, Private Trust Co. NA boosted its stake in iShares MSCI China ETF by 44.3% during the 4th quarter. Private Trust Co. NA now owns 1,766 shares of the company’s stock worth $83,000 after purchasing an additional 542 shares during the last quarter.

iShares MSCI China ETF Stock Up 2.2 %

NASDAQ MCHI opened at $58.65 on Tuesday. The firm has a market cap of $6.29 billion, a PE ratio of 13.52 and a beta of 0.49. iShares MSCI China ETF has a 52 week low of $38.83 and a 52 week high of $59.79. The business’s fifty day simple moving average is $50.79 and its 200-day simple moving average is $48.79.

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.