Fosun International Ltd Sells 158,300 Shares of iShares MSCI China ETF $MCHI

Fosun International Ltd lessened its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 59.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 106,000 shares of the company’s stock after selling 158,300 shares during the quarter. iShares MSCI China ETF comprises approximately 1.5% of Fosun International Ltd’s holdings, making the stock its 6th largest position. Fosun International Ltd owned approximately 0.09% of iShares MSCI China ETF worth $5,841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MCHI. Bank of Nova Scotia raised its stake in shares of iShares MSCI China ETF by 1.5% during the second quarter. Bank of Nova Scotia now owns 17,052 shares of the company’s stock valued at $939,000 after purchasing an additional 246 shares in the last quarter. Gallacher Capital Management LLC grew its position 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 valued at $1,729,000 after buying an additional 273 shares in the last quarter. Arrow Investment Advisors LLC increased its stake in iShares MSCI China ETF by 2.5% during the 2nd quarter. Arrow Investment Advisors LLC now owns 11,974 shares of the company’s stock valued at $660,000 after buying an additional 294 shares during the period. Cresset Asset Management LLC increased its stake in iShares MSCI China ETF by 1.9% during the 2nd quarter. Cresset Asset Management LLC now owns 20,836 shares of the company’s stock valued at $1,148,000 after buying an additional 394 shares during the period. Finally, Bogart Wealth LLC bought a new stake in shares of iShares MSCI China ETF during the 2nd quarter worth about $28,000.

iShares MSCI China ETF Trading Up 1.1%

Shares of NASDAQ:MCHI opened at $62.66 on Monday. The company has a 50 day moving average of $63.70 and a 200-day moving average of $60.10. The firm has a market cap of $8.03 billion, a P/E ratio of 13.11 and a beta of 0.26. iShares MSCI China ETF has a twelve month low of $43.70 and a twelve month high of $67.37.

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.