iShares MSCI China ETF (NASDAQ:MCHI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 746,773 shares of the company’s stock after selling 18,391 shares during the quarter. Envestnet Asset Management Inc. owned 0.66% of iShares MSCI China ETF worth $31,491,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new stake in shares of iShares MSCI China ETF in the fourth quarter valued at about $200,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of iShares MSCI China ETF by 396.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 167,203 shares of the company’s stock valued at $6,812,000 after buying an additional 133,519 shares during the period. Orion Portfolio Solutions LLC purchased a new position in shares of iShares MSCI China ETF during the fourth quarter valued at approximately $2,836,000. Hilltop Holdings Inc. purchased a new position in shares of iShares MSCI China ETF during the fourth quarter valued at approximately $261,000. Finally, Fiduciary Trust Co lifted its stake in shares of iShares MSCI China ETF by 64.5% during the fourth quarter. Fiduciary Trust Co now owns 44,723 shares of the company’s stock valued at $1,822,000 after buying an additional 17,535 shares during the period.

iShares MSCI China ETF Stock Performance

Shares of MCHI opened at $42.66 on Friday. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. The company’s 50 day simple moving average is $41.60 and its 200 day simple moving average is $42.10. iShares MSCI China ETF has a 1 year low of $35.58 and a 1 year high of $47.69.

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.