1,017,000 iShares MSCI China ETF $MCHI Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. decreased its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 79.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 264,520 shares of the company’s stock after selling 1,017,000 shares during the period. Phoenix Financial Ltd. owned 0.24% of iShares MSCI China ETF worth $13,805,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MCHI. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of iShares MSCI China ETF in the third quarter valued at $108,253,000. SPX Gestao de Recursos Ltda acquired a new position in iShares MSCI China ETF in the 1st quarter valued at about $54,607,000. Lido Advisors LLC purchased a new position in iShares MSCI China ETF in the 3rd quarter valued at about $31,557,000. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI China ETF by 859.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 488,288 shares of the company’s stock valued at $24,915,000 after purchasing an additional 437,395 shares in the last quarter. Finally, New York Life Investment Management LLC purchased a new position in iShares MSCI China ETF in the 3rd quarter valued at about $18,285,000.

iShares MSCI China ETF Trading Down 0.4%

Shares of iShares MSCI China ETF stock traded down $0.18 during trading hours on Friday, reaching $49.57. 1,825,876 shares of the company’s stock were exchanged, compared to its average volume of 2,996,016. The company has a fifty day moving average of $51.60 and a 200-day moving average of $55.17. iShares MSCI China ETF has a 52-week low of $48.65 and a 52-week high of $64.90. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 11.52 and a beta of 0.33.

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.