IHT Wealth Management LLC Purchases 3,160 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

IHT Wealth Management LLC boosted its position in shares of iShares MSCI China ETF (NASDAQ:MCHI – Get Rating) by 17.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 21,548 shares of the company’s stock after acquiring an additional 3,160 shares during the period. IHT Wealth Management LLC’s holdings in iShares MSCI China ETF were worth $917,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Advisors LLC bought a new position in iShares MSCI China ETF during the second quarter valued at approximately $235,000. Evolution Wealth Advisors LLC raised its position in iShares MSCI China ETF by 61.6% during the third quarter. Evolution Wealth Advisors LLC now owns 101,050 shares of the company’s stock valued at $4,301,000 after purchasing an additional 38,500 shares during the period. Magnus Financial Group LLC purchased a new stake in iShares MSCI China ETF during the second quarter valued at approximately $294,000. Janney Montgomery Scott LLC raised its position in iShares MSCI China ETF by 110.8% during the third quarter. Janney Montgomery Scott LLC now owns 39,335 shares of the company’s stock valued at $1,674,000 after purchasing an additional 20,674 shares during the period. Finally, B. Riley Wealth Management Inc. purchased a new stake in iShares MSCI China ETF during the second quarter valued at approximately $112,281,000.

iShares MSCI China ETF Price Performance

Shares of MCHI stock opened at $47.04 on Friday. iShares MSCI China ETF has a 1 year low of $35.02 and a 1 year high of $57.08. The stock’s 50 day simple moving average is $51.32 and its two-hundred day simple moving average is $46.91. The company has a market cap of $8.10 billion, a PE ratio of 10.23 and a beta of 0.50.

iShares MSCI China ETF Profile

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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.