First Trust Advisors LP Purchases New Stake in iShares MSCI China ETF (NASDAQ:MCHI)

First Trust Advisors LP acquired a new position in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,095 shares of the company’s stock, valued at approximately $1,176,000.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC bought a new stake in shares of iShares MSCI China ETF in the 3rd quarter worth approximately $223,000. Ridgewood Investments LLC increased its position in iShares MSCI China ETF by 2.4% in the fourth quarter. Ridgewood Investments LLC now owns 21,694 shares of the company’s stock worth $1,017,000 after buying an additional 500 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in shares of iShares MSCI China ETF by 14.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 25,545 shares of the company’s stock valued at $1,197,000 after buying an additional 3,194 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of iShares MSCI China ETF during the 4th quarter valued at $656,000. Finally, Avior Wealth Management LLC grew its stake in shares of iShares MSCI China ETF by 114.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock worth $50,000 after acquiring an additional 571 shares during the period.

iShares MSCI China ETF Stock Performance

Shares of MCHI opened at $52.71 on Thursday. The firm has a market cap of $5.62 billion, a P/E ratio of 12.54 and a beta of 0.29. iShares MSCI China ETF has a fifty-two week low of $39.95 and a fifty-two week high of $59.79. The business has a 50-day moving average of $52.81 and a 200 day moving average of $50.10.

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.