iShares MSCI China ETF $MCHI Shares Newly Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new position in iShares MSCI China ETF (NASDAQ:MCHI) during the third quarter, HoldingsChannel.com reports. The fund purchased 11,066 shares of the company’s stock, valued at approximately $578,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. HB Wealth Management LLC grew its position in shares of iShares MSCI China ETF by 2.9% during the 2nd quarter. HB Wealth Management LLC now owns 9,945 shares of the company’s stock valued at $507,000 after buying an additional 278 shares during the last quarter. Diversify Advisory Services LLC raised its stake in iShares MSCI China ETF by 1.5% during the third quarter. Diversify Advisory Services LLC now owns 20,692 shares of the company’s stock worth $1,070,000 after acquiring an additional 305 shares during the period. PFG Investments LLC raised its stake in iShares MSCI China ETF by 6.4% during the first quarter. PFG Investments LLC now owns 5,394 shares of the company’s stock worth $303,000 after acquiring an additional 326 shares during the period. Simplicity Wealth LLC raised its stake in iShares MSCI China ETF by 15.0% during the third quarter. Simplicity Wealth LLC now owns 6,251 shares of the company’s stock worth $326,000 after acquiring an additional 816 shares during the period. Finally, Cetera Investment Advisers raised its stake in iShares MSCI China ETF by 29.2% during the first quarter. Cetera Investment Advisers now owns 6,011 shares of the company’s stock worth $338,000 after acquiring an additional 1,360 shares during the period.

iShares MSCI China ETF Stock Up 0.9%

Shares of NASDAQ MCHI opened at $52.00 on Friday. The firm’s 50-day moving average price is $52.08 and its two-hundred day moving average price is $55.53. iShares MSCI China ETF has a 52-week low of $48.65 and a 52-week high of $65.37. The stock has a market capitalization of $5.83 billion, a P/E ratio of 11.52 and a beta of 0.33.

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.