Evolution Wealth Advisors LLC Sells 1,343 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

Evolution Wealth Advisors LLC reduced its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 16.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,697 shares of the company’s stock after selling 1,343 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in iShares MSCI China ETF were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MCHI. Franklin Resources Inc. bought a new stake in shares of iShares MSCI China ETF during the second quarter valued at approximately $28,000. Modera Wealth Management LLC acquired a new position in iShares MSCI China ETF in the third quarter valued at approximately $30,000. Tower Research Capital LLC TRC lifted its holdings in iShares MSCI China ETF by 80.8% in the second quarter. Tower Research Capital LLC TRC now owns 698 shares of the company’s stock valued at $31,000 after buying an additional 312 shares during the period. Fortitude Family Office LLC acquired a new position in iShares MSCI China ETF in the fourth quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC acquired a new position in iShares MSCI China ETF in the second quarter valued at approximately $34,000.

iShares MSCI China ETF Stock Down 0.3 %

NASDAQ MCHI traded down $0.13 during trading hours on Friday, hitting $39.41. The company’s stock had a trading volume of 1,500,571 shares, compared to its average volume of 4,281,003. The stock has a fifty day moving average of $39.50 and a 200 day moving average of $40.39. iShares MSCI China ETF has a twelve month low of $35.58 and a twelve month high of $49.94. The firm has a market capitalization of $4.77 billion, a P/E ratio of 9.37 and a beta of 0.49.

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.