Allspring Global Investments Holdings LLC Trims Holdings in iShares MSCI China ETF (NASDAQ:MCHI)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 23.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,438 shares of the company’s stock after selling 25,849 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of iShares MSCI China ETF worth $4,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in iShares MSCI China ETF during the first quarter worth about $45,000. New Republic Capital LLC bought a new stake in iShares MSCI China ETF during the first quarter worth about $124,000. Blue Trust Inc. lifted its stake in iShares MSCI China ETF by 137.6% during the third quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock worth $167,000 after purchasing an additional 1,895 shares during the last quarter. 1832 Asset Management L.P. lifted its stake 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 purchasing an additional 940 shares during 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 Stock Up 1.4 %

Shares of MCHI stock opened at $50.56 on Tuesday. The business has a 50-day moving average price of $46.50 and a two-hundred day moving average price of $44.19. iShares MSCI China ETF has a 12-month low of $35.58 and a 12-month high of $59.78. The firm has a market cap of $6.36 billion, a P/E ratio of 10.76 and a beta of 0.49.

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.