Phoenix Financial Ltd. Boosts Stock Holdings in iShares MSCI China ETF $MCHI

Phoenix Financial Ltd. boosted its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 164.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,322,800 shares of the company’s stock after purchasing an additional 822,800 shares during the quarter. Phoenix Financial Ltd.’s holdings in iShares MSCI China ETF were worth $79,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC increased its holdings in shares of iShares MSCI China ETF by 49.6% in the first quarter. Millennium Management LLC now owns 70,891 shares of the company’s stock worth $3,856,000 after purchasing an additional 23,513 shares during the last quarter. Jones Financial Companies Lllp boosted its stake 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 valued at $906,000 after buying an additional 17,069 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in 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 valued at $30,531,000 after buying an additional 192,712 shares in the last quarter. Empowered Funds LLC purchased a new position in iShares MSCI China ETF during the 1st quarter valued at approximately $2,947,000. Finally, Woodline Partners LP bought a new stake in iShares MSCI China ETF in the 1st quarter worth approximately $2,026,000.

iShares MSCI China ETF Price Performance

Shares of MCHI opened at $58.10 on Friday. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 13.11 and a beta of 0.34. iShares MSCI China ETF has a 1 year low of $52.53 and a 1 year high of $67.37. The business’s 50 day simple moving average is $57.28 and its 200-day simple moving average is $60.31.

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. 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.