Fosun International Ltd Makes New $10.45 Million Investment in iShares MSCI China ETF $MCHI

Fosun International Ltd bought a new position in shares of iShares MSCI China ETF (NASDAQ:MCHI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 174,000 shares of the company’s stock, valued at approximately $10,452,000. iShares MSCI China ETF accounts for 2.4% of Fosun International Ltd’s portfolio, making the stock its 8th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in shares of iShares MSCI China ETF during the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of iShares MSCI China ETF during the 3rd quarter worth approximately $34,000. Aventura Private Wealth LLC purchased a new position in shares of iShares MSCI China ETF during the 4th quarter worth approximately $38,000. Whittier Trust Co. purchased a new position in shares of iShares MSCI China ETF during the 4th quarter worth approximately $38,000. Finally, Advisory Services Network LLC purchased a new position in shares of iShares MSCI China ETF during the 3rd quarter worth approximately $39,000.

iShares MSCI China ETF Stock Performance

MCHI stock opened at $55.73 on Friday. iShares MSCI China ETF has a fifty-two week low of $53.47 and a fifty-two week high of $67.37. The business’s 50 day moving average price is $56.87 and its two-hundred day moving average price is $59.42. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 13.11 and a beta of 0.34.

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.