HighTower Advisors LLC Decreases Stake in iShares MSCI China ETF (NASDAQ:MCHI)

HighTower Advisors LLC trimmed its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,665 shares of the company’s stock after selling 1,613 shares during the quarter. HighTower Advisors LLC’s holdings in iShares MSCI China ETF were worth $265,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MCHI. Amundi lifted its holdings in iShares MSCI China ETF by 1.7% in the fourth quarter. Amundi now owns 308,500 shares of the company’s stock worth $13,861,000 after acquiring an additional 5,200 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of iShares MSCI China ETF by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,307 shares of the company’s stock valued at $223,000 after purchasing an additional 298 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI China ETF in the 4th quarter valued at approximately $3,973,000. Assetmark Inc. grew its holdings in shares of iShares MSCI China ETF by 15,805.7% during the fourth quarter. Assetmark Inc. now owns 64,577 shares of the company’s stock valued at $3,026,000 after buying an additional 64,171 shares in the last quarter. Finally, Moneda S.A. Administradora General de Fondos increased its holdings in shares of iShares MSCI China ETF by 10.8% in the 4th quarter. Moneda S.A. Administradora General de Fondos now owns 39,065 shares of the company’s stock valued at $1,831,000 after purchasing an additional 3,800 shares during the period.

iShares MSCI China ETF Stock Down 0.7 %

iShares MSCI China ETF stock opened at $54.16 on Thursday. iShares MSCI China ETF has a 12 month low of $38.83 and a 12 month high of $59.79. The company’s fifty day simple moving average is $53.29 and its 200-day simple moving average is $49.96. The stock has a market cap of $5.81 billion, a P/E ratio of 13.16 and a beta of 0.49.

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.