Northwestern Mutual Wealth Management Co. raised its position in shares of iShares MSCI China ETF (NASDAQ:MCHI – Free Report) by 89.0% in the first quarter, HoldingsChannel reports. The fund owned 2,799 shares of the company’s stock after acquiring an additional 1,318 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI China ETF were worth $152,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in MCHI. Elequin Capital LP bought a new stake in shares of iShares MSCI China ETF during the first quarter worth approximately $31,000. Copia Wealth Management bought a new stake in shares of iShares MSCI China ETF during the first quarter worth approximately $39,000. Hurley Capital LLC bought a new stake in shares of iShares MSCI China ETF during the first quarter worth approximately $47,000. Brooklyn Investment Group bought a new stake in shares of iShares MSCI China ETF during the first quarter worth approximately $60,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of iShares MSCI China ETF during the fourth quarter worth approximately $67,000.
iShares MSCI China ETF Trading Up 1.7%
Shares of MCHI stock opened at $61.35 on Friday. The stock has a market cap of $7.51 billion, a P/E ratio of 13.11 and a beta of 0.49. The stock has a 50 day simple moving average of $58.27 and a 200 day simple moving average of $55.24. iShares MSCI China ETF has a 1 year low of $40.25 and a 1 year high of $62.16.
iShares MSCI China ETF Cuts Dividend
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.
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