iShares MSCI China ETF (NASDAQ:MCHI) Reaches New 12-Month Low – What’s Next?

Shares of iShares MSCI China ETF (NASDAQ:MCHI) hit a new 52-week low during trading on Wednesday. The stock traded as low as $49.84 and last traded at $49.8480, with a volume of 600,952 shares traded. The stock had previously closed at $50.96.

iShares MSCI China ETF Trading Down 2.1%

The stock has a market cap of $5.54 billion, a PE ratio of 13.11 and a beta of 0.33. The business has a 50-day moving average price of $53.17 and a 200 day moving average price of $54.50.

Institutional Trading of iShares MSCI China ETF

Several hedge funds and other institutional investors have recently modified their holdings of MCHI. Indiana Trust & Investment Management Co bought a new position in iShares MSCI China ETF in the 3rd quarter worth approximately $99,000. TD Waterhouse Canada Inc. grew its stake in iShares MSCI China ETF by 751.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,187 shares of the company’s stock valued at $114,000 after buying an additional 1,930 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in iShares MSCI China ETF in the 1st quarter valued at approximately $239,000. Arta Finance Wealth Management LLC purchased a new position in iShares MSCI China ETF in the 1st quarter valued at approximately $244,000. Finally, Quattro Financial Advisors LLC purchased a new position in iShares MSCI China ETF in the 3rd quarter valued at approximately $246,000.

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.