Summit Securities Group LLC Takes $169,000 Position in iShares MSCI China ETF (NASDAQ:MCHI)

Summit Securities Group LLC purchased a new position in iShares MSCI China ETF (NASDAQ:MCHI) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,600 shares of the company’s stock, valued at approximately $169,000.

A number of other large investors have also recently modified their holdings of the business. Alberta Investment Management Corp boosted its holdings in iShares MSCI China ETF by 66.6% during the 4th quarter. Alberta Investment Management Corp now owns 2,979,356 shares of the company’s stock valued at $139,613,000 after acquiring an additional 1,191,466 shares during the period. TT International Asset Management LTD bought a new position in shares of iShares MSCI China ETF in the 3rd quarter worth about $35,807,000. Elo Mutual Pension Insurance Co boosted its position in shares of iShares MSCI China ETF by 43.3% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 1,302,890 shares of the company’s stock worth $61,053,000 after purchasing an additional 393,630 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in iShares MSCI China ETF in the third quarter worth $14,982,000. Finally, Galvin Gaustad & Stein LLC bought a new stake in iShares MSCI China ETF during the 4th quarter valued at about $11,211,000.

iShares MSCI China ETF Price Performance

iShares MSCI China ETF stock opened at $54.57 on Friday. The business’s fifty day moving average is $52.80 and its 200 day moving average is $49.68. The stock has a market capitalization of $5.85 billion, a PE ratio of 13.16 and a beta of 0.49. iShares MSCI China ETF has a one year low of $38.83 and a one year high of $59.79.

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.