City of London Investment Management Co. Ltd. Has $6.37 Million Stock Position in iShares MSCI China ETF (NASDAQ:MCHI)

City of London Investment Management Co. Ltd. decreased its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 75.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,000 shares of the company’s stock after selling 464,124 shares during the quarter. City of London Investment Management Co. Ltd. owned approximately 0.13% of iShares MSCI China ETF worth $6,368,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MCHI. Meitav Investment House Ltd. grew its holdings in iShares MSCI China ETF by 80.3% during the 2nd quarter. Meitav Investment House Ltd. now owns 2,861,866 shares of the company’s stock worth $120,663,000 after acquiring an additional 1,275,000 shares during the last quarter. Elo Mutual Pension Insurance Co bought a new position in iShares MSCI China ETF in the 4th quarter worth approximately $33,835,000. Morningstar Investment Services LLC raised its position in iShares MSCI China ETF by 98.6% in the 4th quarter. Morningstar Investment Services LLC now owns 1,645,445 shares of the company’s stock worth $66,575,000 after purchasing an additional 817,094 shares during the last quarter. DRW Securities LLC lifted its holdings in iShares MSCI China ETF by 81.9% during the 4th quarter. DRW Securities LLC now owns 865,990 shares of the company’s stock worth $35,280,000 after buying an additional 389,828 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of iShares MSCI China ETF by 74.8% in the 4th quarter. Bank of Nova Scotia now owns 748,486 shares of the company’s stock valued at $30,492,000 after buying an additional 320,237 shares during the period.

iShares MSCI China ETF Stock Performance

Shares of MCHI stock opened at $40.90 on Monday. iShares MSCI China ETF has a 52-week low of $35.58 and a 52-week high of $47.69. The firm’s 50 day moving average price is $41.73 and its two-hundred day moving average price is $42.05. The stock has a market cap of $4.60 billion, a PE ratio of 10.76 and a beta of 0.49.

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.