iShares MSCI China ETF (NASDAQ:MCHI) Shares Sold by Fosun International Ltd

Fosun International Ltd trimmed its position in iShares MSCI China ETF (NASDAQ:MCHI) by 76.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,718 shares of the company’s stock after selling 191,282 shares during the period. iShares MSCI China ETF makes up about 0.9% of Fosun International Ltd’s portfolio, making the stock its 9th largest holding. Fosun International Ltd owned 0.05% of iShares MSCI China ETF worth $2,752,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC acquired a new position in iShares MSCI China ETF in the third quarter worth approximately $223,000. Ridgewood Investments LLC lifted its holdings in shares of iShares MSCI China ETF by 2.4% during the fourth quarter. Ridgewood Investments LLC now owns 21,694 shares of the company’s stock valued at $1,017,000 after purchasing an additional 500 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in iShares MSCI China ETF by 14.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 25,545 shares of the company’s stock worth $1,197,000 after buying an additional 3,194 shares during the period. Nisa Investment Advisors LLC purchased a new stake in iShares MSCI China ETF during the fourth quarter valued at about $656,000. Finally, Avior Wealth Management LLC increased its position 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 worth $50,000 after acquiring an additional 571 shares in the last quarter.

iShares MSCI China ETF Stock Performance

iShares MSCI China ETF stock opened at $53.25 on Friday. The company has a 50 day moving average price of $52.81 and a 200 day moving average price of $50.14. iShares MSCI China ETF has a 52 week low of $39.95 and a 52 week high of $59.79. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 12.54 and a beta of 0.49.

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.