Scotia Capital Inc. Reduces Stock Holdings in iShares MSCI China ETF (NASDAQ:MCHI)

Scotia Capital Inc. trimmed its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 15.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 137,853 shares of the company’s stock after selling 25,277 shares during the quarter. Scotia Capital Inc.’s holdings in iShares MSCI China ETF were worth $6,460,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in iShares MSCI China ETF by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,307 shares of the company’s stock worth $223,000 after purchasing an additional 298 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of iShares MSCI China ETF by 13.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,570 shares of the company’s stock worth $120,000 after purchasing an additional 309 shares in the last quarter. DHK Financial Advisors Inc. raised its stake in iShares MSCI China ETF by 1.9% in the fourth quarter. DHK Financial Advisors Inc. now owns 22,931 shares of the company’s stock valued at $1,075,000 after buying an additional 425 shares during the last quarter. Ridgewood Investments LLC raised its position in shares of iShares MSCI China ETF by 2.4% in the 4th quarter. Ridgewood Investments LLC now owns 21,694 shares of the company’s stock valued at $1,017,000 after purchasing an additional 500 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings 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 buying an additional 542 shares during the last quarter.

iShares MSCI China ETF Stock Performance

Shares of MCHI opened at $49.68 on Friday. iShares MSCI China ETF has a one year low of $38.83 and a one year high of $59.79. The stock has a market cap of $5.74 billion, a P/E ratio of 13.16 and a beta of 0.49. The stock has a 50-day moving average of $53.30 and a two-hundred day moving average of $50.23.

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.