Wharton Business Group LLC Trims Stake in iShares MSCI China ETF (NASDAQ:MCHI)

Wharton Business Group LLC cut its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 45.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,325 shares of the company’s stock after selling 143,000 shares during the quarter. Wharton Business Group LLC owned about 0.13% of iShares MSCI China ETF worth $8,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MCHI. Nations Financial Group Inc. IA ADV acquired a new position in shares of iShares MSCI China ETF in the 3rd quarter valued at about $448,000. Vanguard Group Inc. grew its position in shares of iShares MSCI China ETF by 31.5% in the first quarter. Vanguard Group Inc. now owns 51,055 shares of the company’s stock valued at $2,028,000 after purchasing an additional 12,235 shares in the last quarter. Private Advisor Group LLC grew its position in shares of iShares MSCI China ETF by 13.7% in the third quarter. Private Advisor Group LLC now owns 13,834 shares of the company’s stock valued at $704,000 after purchasing an additional 1,665 shares in the last quarter. Blue Trust Inc. grew its position in shares of iShares MSCI China ETF by 137.6% in the third quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after purchasing an additional 1,895 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in iShares MSCI China ETF by 65.8% in the first quarter. Cetera Investment Advisers now owns 71,113 shares of the company’s stock valued at $2,825,000 after acquiring an additional 28,226 shares during the last quarter.

iShares MSCI China ETF Stock Performance

MCHI opened at $47.53 on Monday. The business’s 50 day moving average price is $48.65 and its 200 day moving average price is $45.04. iShares MSCI China ETF has a one year low of $35.58 and a one year high of $59.78. The stock has a market capitalization of $5.98 billion, a PE ratio of 10.76 and a beta of 0.49.

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.