iShares MSCI China ETF $MCHI Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lessened its position in iShares MSCI China ETF (NASDAQ:MCHI) by 58.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,426 shares of the company’s stock after selling 11,903 shares during the period. CIBC Asset Management Inc’s holdings in iShares MSCI China ETF were worth $506,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Angeles Investment Advisors LLC acquired a new stake in shares of iShares MSCI China ETF in the 3rd quarter worth $14,948,000. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI China ETF by 522.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,717 shares of the company’s stock worth $204,314,000 after acquiring an additional 2,604,585 shares during the period. Strategic Investment Advisors MI acquired a new stake in shares of iShares MSCI China ETF in the 3rd quarter worth $1,945,000. Jordan Park Group LLC lifted its stake in shares of iShares MSCI China ETF by 28.0% in the 4th quarter. Jordan Park Group LLC now owns 722,206 shares of the company’s stock worth $43,383,000 after acquiring an additional 157,985 shares during the period. Finally, Caprock Group LLC acquired a new stake in shares of iShares MSCI China ETF in the 3rd quarter worth $1,306,000.

iShares MSCI China ETF Stock Performance

MCHI stock opened at $54.30 on Wednesday. iShares MSCI China ETF has a one year low of $53.47 and a one year high of $67.37. The stock has a market capitalization of $6.36 billion, a PE ratio of 13.11 and a beta of 0.32. The company has a fifty day moving average of $56.80 and a 200-day moving average of $59.25.

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.