iShares MSCI China ETF $MCHI Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 58.6% in the 4th quarter, Holdings Channel reports. The firm owned 8,426 shares of the company’s stock after selling 11,903 shares during the quarter. CIBC Asset Management Inc’s holdings in iShares MSCI China ETF were worth $506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fort Sheridan Advisors LLC lifted its stake in shares of iShares MSCI China ETF by 5.2% in the fourth quarter. Fort Sheridan Advisors LLC now owns 3,397 shares of the company’s stock valued at $204,000 after purchasing an additional 168 shares during the period. Banque Cantonale Vaudoise lifted its stake in shares of iShares MSCI China ETF by 11.2% in the fourth quarter. Banque Cantonale Vaudoise now owns 1,777 shares of the company’s stock valued at $107,000 after purchasing an additional 179 shares during the period. Bank of Nova Scotia lifted its stake in shares of iShares MSCI China ETF by 1.5% in the second quarter. Bank of Nova Scotia now owns 17,052 shares of the company’s stock valued at $939,000 after purchasing an additional 246 shares during the period. IHT Wealth Management LLC lifted its stake in shares of iShares MSCI China ETF by 2.2% in the second quarter. IHT Wealth Management LLC now owns 13,101 shares of the company’s stock valued at $722,000 after purchasing an additional 277 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its stake in shares of iShares MSCI China ETF by 5.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 5,665 shares of the company’s stock valued at $340,000 after purchasing an additional 285 shares during the period.

iShares MSCI China ETF Stock Up 0.7%

Shares of NASDAQ MCHI opened at $54.30 on Wednesday. iShares MSCI China ETF has a 52 week low of $53.47 and a 52 week high of $67.37. The firm has a 50-day moving average price of $56.80 and a 200 day moving average price of $59.25. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 13.11 and a beta of 0.32.

iShares MSCI China ETF 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.