New York Life Investment Management LLC Sells 9,283 Shares of iShares MSCI China ETF $MCHI

New York Life Investment Management LLC cut its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,192 shares of the company’s stock after selling 9,283 shares during the quarter. New York Life Investment Management LLC owned 0.11% of iShares MSCI China ETF worth $8,481,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MCHI. Financial Life Planners bought a new position in shares of iShares MSCI China ETF during the third quarter worth approximately $26,000. JPL Wealth Management LLC bought a new position in shares of iShares MSCI China ETF during the third quarter worth approximately $34,000. Aventura Private Wealth LLC acquired a new stake in shares of iShares MSCI China ETF during the 4th quarter worth approximately $38,000. Whittier Trust Co. acquired a new stake in shares of iShares MSCI China ETF during the 4th quarter worth approximately $38,000. Finally, Advisory Services Network LLC acquired a new stake in shares of iShares MSCI China ETF during the 3rd quarter worth approximately $39,000.

iShares MSCI China ETF Trading Down 2.5%

NASDAQ MCHI opened at $56.64 on Friday. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 13.11 and a beta of 0.34. The firm’s 50 day simple moving average is $57.27 and its 200 day simple moving average is $60.28. iShares MSCI China ETF has a 1 year low of $52.53 and a 1 year high of $67.37.

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.