LPL Financial LLC Boosts Stock Position in iShares MSCI China ETF (NASDAQ:MCHI)

LPL Financial LLC raised its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,401,303 shares of the company’s stock after purchasing an additional 179,251 shares during the quarter. LPL Financial LLC owned 1.31% of iShares MSCI China ETF worth $65,665,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MCHI. Alberta Investment Management Corp increased its stake in iShares MSCI China ETF by 66.6% in the 4th quarter. Alberta Investment Management Corp now owns 2,979,356 shares of the company’s stock valued at $139,613,000 after buying an additional 1,191,466 shares during the period. TT International Asset Management LTD purchased a new stake in shares of iShares MSCI China ETF in the third quarter valued at about $35,807,000. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI China ETF during the third quarter worth about $14,982,000. Galvin Gaustad & Stein LLC purchased a new position in iShares MSCI China ETF during the fourth quarter worth about $11,211,000. Finally, Erste Asset Management GmbH acquired a new stake in iShares MSCI China ETF in the third quarter valued at about $10,260,000.

iShares MSCI China ETF Stock Performance

NASDAQ MCHI opened at $55.00 on Thursday. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 13.16 and a beta of 0.34. The business’s 50 day moving average is $52.43 and its two-hundred day moving average is $49.47. iShares MSCI China ETF has a 12-month low of $38.83 and a 12-month high of $59.79.

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.