iShares MSCI China ETF (NASDAQ:MCHI) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. cut its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 11.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 34,679 shares of the company’s stock after selling 4,596 shares during the period. Desjardins Global Asset Management Inc.’s holdings in iShares MSCI China ETF were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in MCHI. 3EDGE Asset Management LP increased its holdings in shares of iShares MSCI China ETF by 3,234.0% during the fourth quarter. 3EDGE Asset Management LP now owns 1,281,750 shares of the company’s stock valued at $52,218,000 after purchasing an additional 1,243,305 shares during the period. Toronto Dominion Bank acquired a new position in shares of iShares MSCI China ETF during the third quarter valued at $53,030,000. Morgan Stanley increased its holdings in shares of iShares MSCI China ETF by 43.0% during the fourth quarter. Morgan Stanley now owns 2,522,798 shares of the company’s stock valued at $119,833,000 after purchasing an additional 758,088 shares during the period. Meitav Investment House Ltd. increased its holdings in shares of iShares MSCI China ETF by 71.6% during the third quarter. Meitav Investment House Ltd. now owns 1,719,452 shares of the company’s stock valued at $74,391,000 after purchasing an additional 717,457 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of iShares MSCI China ETF by 117.7% during the third quarter. BlackRock Inc. now owns 1,122,071 shares of the company’s stock valued at $47,755,000 after purchasing an additional 606,736 shares during the period.

iShares MSCI China ETF Stock Performance

Shares of MCHI opened at $38.97 on Wednesday. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 9.37 and a beta of 0.49. iShares MSCI China ETF has a one year low of $35.58 and a one year high of $50.13. The stock’s fifty day moving average is $39.43 and its 200-day moving average is $40.41.

About iShares MSCI China ETF

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.