iShares MSCI China ETF (NASDAQ:MCHI) Shares Gap Up to $43.28

Shares of iShares MSCI China ETF (NASDAQ:MCHI) gapped up prior to trading on Tuesday . The stock had previously closed at $43.28, but opened at $45.95. iShares MSCI China ETF shares last traded at $46.13, with a volume of 1,182,685 shares traded.

iShares MSCI China ETF Price Performance

The company has a 50 day moving average of $41.61 and a 200-day moving average of $42.18. The company has a market cap of $5.21 billion, a P/E ratio of 10.76 and a beta of 0.49.

Institutional Trading of iShares MSCI China ETF

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in iShares MSCI China ETF by 31.5% in the first quarter. Vanguard Group Inc. now owns 51,055 shares of the company’s stock valued at $2,028,000 after purchasing an additional 12,235 shares in the last quarter. Wellington Management Group LLP grew its position in iShares MSCI China ETF by 69.4% in the fourth quarter. Wellington Management Group LLP now owns 285,202 shares of the company’s stock worth $11,619,000 after acquiring an additional 116,887 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in iShares MSCI China ETF in the fourth quarter valued at $2,836,000. Cetera Investment Advisers lifted its stake in iShares MSCI China ETF by 65.8% during the first quarter. Cetera Investment Advisers now owns 71,113 shares of the company’s stock worth $2,825,000 after purchasing an additional 28,226 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of iShares MSCI China ETF by 512.5% in the 1st quarter. SG Americas Securities LLC now owns 47,313 shares of the company’s stock worth $1,880,000 after purchasing an additional 39,588 shares in the last quarter.

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.