D.A. Davidson & CO. Acquires 37,264 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

D.A. Davidson & CO. raised its position in iShares MSCI China ETF (NASDAQ:MCHI) by 127.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 66,475 shares of the company’s stock after acquiring an additional 37,264 shares during the period. D.A. Davidson & CO. owned approximately 0.05% of iShares MSCI China ETF worth $3,384,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in 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 acquiring an additional 1,895 shares during the period. Creative Planning acquired a new stake in iShares MSCI China ETF in the third quarter valued at approximately $221,000. DMC Group LLC acquired a new stake in iShares MSCI China ETF in the third quarter valued at approximately $232,000. Ignite Planners LLC purchased a new position in shares of iShares MSCI China ETF during the third quarter valued at approximately $235,000. Finally, Osborne Partners Capital Management LLC purchased a new position in shares of iShares MSCI China ETF during the third quarter valued at approximately $238,000.

iShares MSCI China ETF Stock Up 2.5 %

Shares of NASDAQ:MCHI opened at $47.24 on Friday. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. iShares MSCI China ETF has a 12-month low of $35.58 and a 12-month high of $59.78. The business’s 50 day moving average is $49.75 and its 200 day moving average is $45.20.

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.