Forte Asset Management LLC Takes $1.24 Million Position in iShares MSCI China ETF (NASDAQ:MCHI)

Forte Asset Management LLC bought a new position in iShares MSCI China ETF (NASDAQ:MCHI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 30,491 shares of the company’s stock, valued at approximately $1,242,000.

A number of other hedge funds have also bought and sold shares of the business. Bank of America Corp DE raised its position in iShares MSCI China ETF by 5.4% in the 1st quarter. Bank of America Corp DE now owns 6,161,100 shares of the company’s stock worth $307,377,000 after buying an additional 316,166 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares MSCI China ETF by 10.3% during the 1st quarter. JPMorgan Chase & Co. now owns 4,952,854 shares of the company’s stock valued at $247,098,000 after purchasing an additional 463,067 shares during the last quarter. Morgan Stanley increased its position in shares of iShares MSCI China ETF by 43.0% during the 4th 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 last quarter. Ameriprise Financial Inc. increased its position in shares of iShares MSCI China ETF by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,418,408 shares of the company’s stock valued at $104,598,000 after purchasing an additional 38,438 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of iShares MSCI China ETF by 7.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,739,432 shares of the company’s stock valued at $77,822,000 after purchasing an additional 127,611 shares during the last quarter.

iShares MSCI China ETF Stock Performance

Shares of NASDAQ MCHI traded down $0.18 during midday trading on Friday, hitting $39.36. 760,237 shares of the company’s stock traded hands, compared to its average volume of 4,269,811. iShares MSCI China ETF has a 1 year low of $35.58 and a 1 year high of $49.94. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 9.37 and a beta of 0.49. The firm has a fifty day moving average of $39.50 and a 200 day moving average of $40.39.

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.