Mirae Asset Global Investments Co. Ltd. Buys 19,000 Shares of iShares MSCI China ETF $MCHI

Mirae Asset Global Investments Co. Ltd. bought a new position in iShares MSCI China ETF (NASDAQ:MCHI) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 19,000 shares of the company’s stock, valued at approximately $992,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Arta Finance Wealth Management LLC boosted its position in shares of iShares MSCI China ETF by 10.7% during the 3rd quarter. Arta Finance Wealth Management LLC now owns 6,697 shares of the company’s stock valued at $350,000 after acquiring an additional 649 shares during the last quarter. Partners Wealth Management LLC acquired a new stake in iShares MSCI China ETF during the third quarter worth about $1,305,000. D.A. Davidson & CO. acquired a new stake in iShares MSCI China ETF during the third quarter worth about $258,000. Lynx Investment Advisory raised its stake in iShares MSCI China ETF by 15.1% during the third quarter. Lynx Investment Advisory now owns 15,579 shares of the company’s stock worth $813,000 after purchasing an additional 2,038 shares during the period. Finally, William Mack & Associates Inc. purchased a new position in iShares MSCI China ETF during the third quarter worth about $65,000.

iShares MSCI China ETF Price Performance

NASDAQ:MCHI opened at $51.89 on Monday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 11.52 and a beta of 0.33. The company’s 50-day moving average is $52.02 and its two-hundred day moving average is $55.48. iShares MSCI China ETF has a 1-year low of $48.65 and a 1-year high of $65.37.

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.