Farther Finance Advisors LLC Increases Stake in iShares MSCI China ETF (NASDAQ:MCHI)

Farther Finance Advisors LLC raised its position in iShares MSCI China ETF (NASDAQ:MCHI) by 817.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,566 shares of the company’s stock after purchasing an additional 7,632 shares during the period. Farther Finance Advisors LLC’s holdings in iShares MSCI China ETF were worth $467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCHI. GAMMA Investing LLC raised its holdings in shares of iShares MSCI China ETF by 6,784.5% during the 1st quarter. GAMMA Investing LLC now owns 8,528,995 shares of the company’s stock worth $463,977,000 after acquiring an additional 8,405,108 shares during the period. Demars Financial Group LLC purchased a new position in shares of iShares MSCI China ETF during the 4th quarter worth $151,283,000. Alberta Investment Management Corp raised its holdings in shares of iShares MSCI China ETF by 66.6% during the 4th quarter. Alberta Investment Management Corp now owns 2,979,356 shares of the company’s stock worth $139,613,000 after acquiring an additional 1,191,466 shares during the period. OLD Mission Capital LLC raised its holdings in shares of iShares MSCI China ETF by 228.1% during the 4th quarter. OLD Mission Capital LLC now owns 1,969,541 shares of the company’s stock worth $92,293,000 after acquiring an additional 1,369,309 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of iShares MSCI China ETF by 14.7% during the 4th quarter. LPL Financial LLC now owns 1,401,303 shares of the company’s stock worth $65,665,000 after acquiring an additional 179,251 shares during the period.

iShares MSCI China ETF Stock Down 1.8%

NASDAQ MCHI opened at $54.77 on Monday. iShares MSCI China ETF has a 52 week low of $39.95 and a 52 week high of $59.79. The business’s fifty day simple moving average is $52.74 and its 200-day simple moving average is $51.21. The firm has a market cap of $5.84 billion, a PE ratio of 12.65 and a beta of 0.49.

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.