Fmr LLC cut its holdings in iShares MSCI China ETF (NASDAQ:MCHI) by 32.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,837,446 shares of the company’s stock after selling 1,353,796 shares during the quarter. Fmr LLC owned about 4.31% of iShares MSCI China ETF worth $169,934,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in iShares MSCI China ETF in the second quarter valued at about $152,000. CIBC World Markets Inc. purchased a new position in shares of iShares MSCI China ETF in the second quarter worth about $229,000. Commonwealth Equity Services LLC raised its stake in shares of iShares MSCI China ETF by 20.7% in the second quarter. Commonwealth Equity Services LLC now owns 5,070 shares of the company’s stock worth $328,000 after purchasing an additional 870 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of iShares MSCI China ETF in the third quarter worth about $454,000. Finally, UBP Investment Advisors SA purchased a new position in shares of iShares MSCI China ETF in the third quarter worth about $518,000.
Shares of NASDAQ:MCHI opened at $55.36 on Friday. iShares MSCI China ETF has a 52-week low of $50.45 and a 52-week high of $76.72.
COPYRIGHT VIOLATION WARNING: “iShares MSCI China ETF (MCHI) Shares Sold by Fmr LLC” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/12/08/ishares-msci-china-etf-mchi-shares-sold-by-fmr-llc.html.
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.
Further Reading: What is an SEC Filing?
Want to see what other hedge funds are holding MCHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI China ETF (NASDAQ:MCHI).
Receive News & Ratings for iShares MSCI China ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI China ETF and related companies with MarketBeat.com's FREE daily email newsletter.