Envestnet Asset Management Inc. Sells 19,748 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

Envestnet Asset Management Inc. lessened its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,663 shares of the company’s stock after selling 19,748 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.25% of iShares MSCI China ETF worth $12,355,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MCHI. Jones Financial Companies Lllp lifted its stake in iShares MSCI China ETF by 8,818.2% during the 4th quarter. Jones Financial Companies Lllp now owns 981 shares of the company’s stock valued at $46,000 after acquiring an additional 970 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of iShares MSCI China ETF by 114.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $50,000 after purchasing an additional 571 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of iShares MSCI China ETF during the fourth quarter valued at about $68,000. Private Trust Co. NA boosted its holdings in iShares MSCI China ETF by 44.3% during the fourth quarter. Private Trust Co. NA now owns 1,766 shares of the company’s stock worth $83,000 after purchasing an additional 542 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in iShares MSCI China ETF by 13.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,570 shares of the company’s stock worth $120,000 after purchasing an additional 309 shares in the last quarter.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI opened at $49.29 on Friday. iShares MSCI China ETF has a 52 week low of $39.23 and a 52 week high of $59.79. The firm has a 50-day moving average price of $53.32 and a two-hundred day moving average price of $50.20. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 11.66 and a beta of 0.49.

About iShares MSCI China ETF

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.