Financial Advocates Investment Management Sells 1,368 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

Financial Advocates Investment Management trimmed its position in iShares MSCI China ETF (NASDAQ:MCHIGet Rating) by 8.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,261 shares of the company’s stock after selling 1,368 shares during the period. Financial Advocates Investment Management’s holdings in iShares MSCI China ETF were worth $796,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MCHI. JPMorgan Chase & Co. boosted its stake in iShares MSCI China ETF by 95.6% in the second quarter. JPMorgan Chase & Co. now owns 4,452,567 shares of the company’s stock valued at $248,499,000 after acquiring an additional 2,175,844 shares during the last quarter. Bank of Nova Scotia boosted its stake in iShares MSCI China ETF by 37.4% in the second quarter. Bank of Nova Scotia now owns 3,204,479 shares of the company’s stock valued at $178,843,000 after acquiring an additional 873,000 shares during the last quarter. Citigroup Inc. boosted its stake in iShares MSCI China ETF by 311.5% in the first quarter. Citigroup Inc. now owns 2,263,984 shares of the company’s stock valued at $119,742,000 after acquiring an additional 1,713,770 shares during the last quarter. Richard Bernstein Advisors LLC boosted its stake in iShares MSCI China ETF by 1.9% in the second quarter. Richard Bernstein Advisors LLC now owns 2,246,146 shares of the company’s stock valued at $125,359,000 after acquiring an additional 41,074 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in iShares MSCI China ETF by 82.2% in the first quarter. Bank of America Corp DE now owns 2,218,250 shares of the company’s stock valued at $117,323,000 after acquiring an additional 1,001,008 shares during the last quarter.

iShares MSCI China ETF Trading Up 1.0 %

MCHI opened at $43.36 on Thursday. iShares MSCI China ETF has a twelve month low of $35.02 and a twelve month high of $67.76. The company’s 50-day moving average price is $41.85 and its two-hundred day moving average price is $47.76.

About iShares MSCI China ETF

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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.

See Also

Institutional Ownership by Quarter for iShares MSCI China ETF (NASDAQ:MCHI)

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