Shares of iShares MSCI China ETF (NASDAQ:MCHI – Get Free Report) fell 8.9% during trading on Monday . The stock traded as low as $45.98 and last traded at $45.57. 5,216,130 shares were traded during trading, an increase of 41% from the average session volume of 3,703,142 shares. The stock had previously closed at $50.00.
iShares MSCI China ETF Stock Up 6.3 %
The firm’s fifty day simple moving average is $53.29 and its 200-day simple moving average is $50.19. The firm has a market capitalization of $5.56 billion, a PE ratio of 13.16 and a beta of 0.49.
Hedge Funds Weigh In On iShares MSCI China ETF
A number of hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of iShares MSCI China ETF by 8,818.2% in 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 in the last quarter. Avior Wealth Management LLC raised its position 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 worth $50,000 after buying an additional 571 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in iShares MSCI China ETF during the 4th quarter valued at about $67,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of iShares MSCI China ETF during the 4th quarter valued at about $68,000. Finally, Private Trust Co. NA grew its stake in shares of iShares MSCI China ETF by 44.3% in the fourth quarter. Private Trust Co. NA now owns 1,766 shares of the company’s stock worth $83,000 after acquiring an additional 542 shares during the period.
About iShares MSCI China ETF
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.
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