Envestnet Portfolio Solutions Inc. Trims Holdings in iShares MSCI China ETF $MCHI

Envestnet Portfolio Solutions Inc. trimmed its position in iShares MSCI China ETF (NASDAQ:MCHI) by 38.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,682 shares of the company’s stock after selling 6,634 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI China ETF were worth $589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new position in iShares MSCI China ETF in the 1st quarter valued at about $31,000. Hurley Capital LLC purchased a new position in iShares MSCI China ETF in the 1st quarter valued at about $47,000. Brooklyn Investment Group purchased a new position in iShares MSCI China ETF in the 1st quarter valued at about $60,000. SVB Wealth LLC purchased a new position in iShares MSCI China ETF in the 1st quarter valued at about $60,000. Finally, North Capital Inc. purchased a new position in iShares MSCI China ETF in the 1st quarter valued at about $82,000.

iShares MSCI China ETF Trading Down 1.1%

NASDAQ:MCHI opened at $63.44 on Wednesday. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 13.11 and a beta of 0.49. The company’s 50-day moving average is $63.06 and its two-hundred day moving average is $57.29. iShares MSCI China ETF has a 12-month low of $43.70 and a 12-month high of $67.37.

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.