Fosun International Ltd Purchases Shares of 174,000 iShares MSCI China ETF $MCHI

Fosun International Ltd purchased a new stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 174,000 shares of the company’s stock, valued at approximately $10,452,000. iShares MSCI China ETF comprises approximately 2.4% of Fosun International Ltd’s investment portfolio, making the stock its 8th largest holding. Fosun International Ltd owned 0.14% of iShares MSCI China ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fort Sheridan Advisors LLC raised its position in iShares MSCI China ETF by 5.2% during the 4th quarter. Fort Sheridan Advisors LLC now owns 3,397 shares of the company’s stock valued at $204,000 after purchasing an additional 168 shares during the last quarter. Banque Cantonale Vaudoise raised its position in iShares MSCI China ETF by 11.2% during the 4th quarter. Banque Cantonale Vaudoise now owns 1,777 shares of the company’s stock valued at $107,000 after purchasing an additional 179 shares during the last quarter. Bank of Nova Scotia raised its position in iShares MSCI China ETF by 1.5% during the 2nd 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 during the last quarter. IHT Wealth Management LLC raised its position in iShares MSCI China ETF by 2.2% during the 2nd quarter. IHT Wealth Management LLC now owns 13,101 shares of the company’s stock valued at $722,000 after purchasing an additional 277 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in iShares MSCI China ETF by 5.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,665 shares of the company’s stock valued at $340,000 after purchasing an additional 285 shares during the last quarter.

iShares MSCI China ETF Price Performance

MCHI opened at $55.73 on Friday. The business has a 50 day simple moving average of $56.87 and a two-hundred day simple moving average of $59.42. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 13.11 and a beta of 0.34. iShares MSCI China ETF has a one year low of $53.47 and a one year high of $67.37.

iShares MSCI China ETF 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.