PNC Financial Services Group Inc. Acquires 48,467 Shares of iShares MSCI China ETF $MCHI

PNC Financial Services Group Inc. boosted its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 1,692.3% during the 4th quarter, Holdings Channel reports. The firm owned 51,331 shares of the company’s stock after buying an additional 48,467 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI China ETF were worth $3,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCHI. Millennium Management LLC raised its stake in iShares MSCI China ETF by 49.6% during the 1st quarter. Millennium Management LLC now owns 70,891 shares of the company’s stock valued at $3,856,000 after purchasing an additional 23,513 shares during the period. Jones Financial Companies Lllp raised its stake in iShares MSCI China ETF by 1,740.0% during the 1st quarter. Jones Financial Companies Lllp now owns 18,050 shares of the company’s stock valued at $906,000 after purchasing an additional 17,069 shares during the period. Goldman Sachs Group Inc. raised its stake in iShares MSCI China ETF by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 561,233 shares of the company’s stock valued at $30,531,000 after purchasing an additional 192,712 shares during the period. Empowered Funds LLC bought a new stake in iShares MSCI China ETF during the 1st quarter valued at approximately $2,947,000. Finally, Woodline Partners LP bought a new stake in iShares MSCI China ETF during the 1st quarter valued at approximately $2,026,000.

iShares MSCI China ETF Trading Up 1.0%

Shares of MCHI opened at $56.10 on Wednesday. The business’s 50 day moving average is $57.07 and its 200 day moving average is $59.85. The company has a market capitalization of $6.57 billion, a PE ratio of 13.11 and a beta of 0.34. iShares MSCI China ETF has a 12-month low of $52.53 and a 12-month 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.