iShares MSCI China ETF (NASDAQ:MCHI – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $47.81, but opened at $51.08. iShares MSCI China ETF shares last traded at $51.84, with a volume of 4,413,068 shares trading hands.
iShares MSCI China ETF Stock Performance
The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. The firm’s 50-day simple moving average is $49.77 and its two-hundred day simple moving average is $45.30.
Hedge Funds Weigh In On iShares MSCI China ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of iShares MSCI China ETF by 31.5% in the 1st quarter. Vanguard Group Inc. now owns 51,055 shares of the company’s stock valued at $2,028,000 after acquiring an additional 12,235 shares during the last quarter. CWM LLC raised its stake in iShares MSCI China ETF by 28.1% during the 2nd quarter. CWM LLC now owns 6,271 shares of the company’s stock worth $264,000 after buying an additional 1,374 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in iShares MSCI China ETF by 19.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,673 shares of the company’s stock worth $281,000 after buying an additional 1,108 shares during the period. 180 Wealth Advisors LLC lifted its holdings in iShares MSCI China ETF by 116.0% during the second quarter. 180 Wealth Advisors LLC now owns 15,752 shares of the company’s stock worth $686,000 after acquiring an additional 8,458 shares in the last quarter. Finally, Fiduciary Financial Group LLC acquired a new position in iShares MSCI China ETF in the second quarter valued at about $349,000.
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.
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