Mirae Asset Global Investments Co. Ltd. Acquires 19,000 Shares of iShares MSCI China ETF $MCHI

Mirae Asset Global Investments Co. Ltd. acquired a new stake in iShares MSCI China ETF (NASDAQ:MCHI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,000 shares of the company’s stock, valued at approximately $992,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCHI. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI China ETF during the first quarter worth $54,607,000. Amundi lifted its stake in shares of iShares MSCI China ETF by 13.2% in the first quarter. Amundi now owns 572,401 shares of the company’s stock worth $32,157,000 after buying an additional 66,701 shares in the last quarter. Syon Capital LLC boosted its position in iShares MSCI China ETF by 16.1% during the second quarter. Syon Capital LLC now owns 500,385 shares of the company’s stock worth $25,532,000 after acquiring an additional 69,334 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in iShares MSCI China ETF by 859.4% during the second quarter. Envestnet Asset Management Inc. now owns 488,288 shares of the company’s stock worth $24,915,000 after acquiring an additional 437,395 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in iShares MSCI China ETF by 186.9% during the first quarter. Lido Advisors LLC now owns 416,296 shares of the company’s stock worth $23,388,000 after acquiring an additional 271,209 shares during the last quarter.

iShares MSCI China ETF Stock Performance

Shares of NASDAQ MCHI opened at $51.89 on Monday. The stock has a market cap of $5.82 billion, a PE ratio of 11.52 and a beta of 0.33. iShares MSCI China ETF has a 12-month low of $48.65 and a 12-month high of $65.37. The company has a 50-day moving average of $52.02 and a 200 day moving average of $55.48.

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.