iShares MSCI China ETF (NASDAQ:MCHI) Shares Gap Down – Time to Sell?

iShares MSCI China ETF (NASDAQ:MCHI) gapped down prior to trading on Tuesday . The stock had previously closed at $59.67, but opened at $53.17. iShares MSCI China ETF shares last traded at $53.46, with a volume of 1,738,389 shares changing hands.

iShares MSCI China ETF Stock Performance

The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. The business has a 50-day moving average of $43.38 and a 200-day moving average of $42.93.

Institutional Trading of iShares MSCI China ETF

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of iShares MSCI China ETF by 31.5% in the 1st quarter. Vanguard Group Inc. now owns 51,055 shares of the company’s stock valued at $2,028,000 after buying an additional 12,235 shares during the period. Wellington Management Group LLP increased its stake in iShares MSCI China ETF by 69.4% in the 4th quarter. Wellington Management Group LLP now owns 285,202 shares of the company’s stock valued at $11,619,000 after purchasing an additional 116,887 shares in the last quarter. Cetera Investment Advisers increased its stake in iShares MSCI China ETF by 65.8% in the 1st quarter. Cetera Investment Advisers now owns 71,113 shares of the company’s stock valued at $2,825,000 after purchasing an additional 28,226 shares in the last quarter. SG Americas Securities LLC increased its stake in 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 valued at $1,880,000 after purchasing an additional 39,588 shares in the last quarter. Finally, CWM LLC increased its stake in iShares MSCI China ETF by 28.1% in the 2nd quarter. CWM LLC now owns 6,271 shares of the company’s stock valued at $264,000 after purchasing an additional 1,374 shares in the last quarter.

iShares MSCI China ETF Company 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.