Allspring Global Investments Holdings LLC Cuts Holdings in iShares MSCI China ETF $MCHI

Allspring Global Investments Holdings LLC lessened its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 14.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,774 shares of the company’s stock after selling 12,920 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of iShares MSCI China ETF worth $4,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Gallacher Capital Management LLC grew its stake in iShares MSCI China ETF by 0.9% in the 2nd quarter. Gallacher Capital Management LLC now owns 31,375 shares of the company’s stock worth $1,729,000 after buying an additional 273 shares in the last quarter. Arrow Investment Advisors LLC lifted its holdings in shares of iShares MSCI China ETF by 2.5% in the 2nd quarter. Arrow Investment Advisors LLC now owns 11,974 shares of the company’s stock worth $660,000 after acquiring an additional 294 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of iShares MSCI China ETF by 5.2% in the 1st quarter. OneDigital Investment Advisors LLC now owns 6,153 shares of the company’s stock worth $335,000 after acquiring an additional 305 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of iShares MSCI China ETF by 6.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 9,081 shares of the company’s stock worth $500,000 after acquiring an additional 515 shares during the last quarter. Finally, Elequin Capital LP bought a new stake in shares of iShares MSCI China ETF in the 1st quarter worth approximately $31,000.

iShares MSCI China ETF Stock Performance

Shares of MCHI opened at $64.12 on Tuesday. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 13.11 and a beta of 0.49. iShares MSCI China ETF has a fifty-two week low of $43.70 and a fifty-two week high of $67.37. The firm has a 50 day moving average price of $62.97 and a 200-day moving average price of $57.25.

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.