Boltwood Capital Management Makes New $1.28 Million Investment in iShares MSCI China ETF $MCHI

Boltwood Capital Management purchased a new stake in iShares MSCI China ETF (NASDAQ:MCHI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,465 shares of the company’s stock, valued at approximately $1,277,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MCHI. Hurley Capital LLC bought a new position in shares of iShares MSCI China ETF in the fourth quarter worth about $49,000. Galilei Investment Office LLP grew its stake in shares of iShares MSCI China ETF by 80.0% during the fourth quarter. Galilei Investment Office LLP now owns 3,060 shares of the company’s stock valued at $184,000 after purchasing an additional 1,360 shares during the last quarter. Kathmere Capital Management LLC bought a new stake in shares of iShares MSCI China ETF during the first quarter valued at approximately $239,000. Arta Finance Wealth Management LLC acquired a new stake in shares of iShares MSCI China ETF in the first quarter valued at approximately $244,000. Finally, J. Safra Sarasin Holding AG acquired a new stake in shares of iShares MSCI China ETF in the first quarter valued at approximately $281,000.

iShares MSCI China ETF Stock Down 1.7%

MCHI stock traded down $0.87 during trading on Friday, hitting $51.24. The company had a trading volume of 1,632,048 shares, compared to its average volume of 3,077,306. The firm has a 50-day moving average price of $54.37 and a 200-day moving average price of $55.01. iShares MSCI China ETF has a 12 month low of $49.88 and a 12 month high of $66.89. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 13.11 and a beta of 0.34.

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.