iShares MSCI China ETF (NASDAQ:MCHI) Shares Gap Up – What’s Next?

iShares MSCI China ETF (NASDAQ:MCHI)’s share price gapped up prior to trading on Friday . The stock had previously closed at $48.36, but opened at $50.97. iShares MSCI China ETF shares last traded at $50.47, with a volume of 1,354,797 shares changing hands.

iShares MSCI China ETF Price Performance

The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. The firm has a 50-day moving average price of $45.55 and a two-hundred day moving average price of $43.75.

Institutional Trading of iShares MSCI China ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MCHI. Geneos Wealth Management Inc. bought a new position in iShares MSCI China ETF in the first quarter valued at $45,000. New Republic Capital LLC bought a new position in shares of iShares MSCI China ETF in the 1st quarter valued at about $124,000. Blue Trust Inc. increased its position in shares of iShares MSCI China ETF by 137.6% in the third quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after acquiring an additional 1,895 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in iShares MSCI China ETF by 26.0% during the first quarter. 1832 Asset Management L.P. now owns 4,551 shares of the company’s stock worth $181,000 after acquiring an additional 940 shares in the last quarter. Finally, Creative Planning bought a new stake in iShares MSCI China ETF during the third quarter worth about $221,000.

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.