iShares MSCI China ETF (NASDAQ:MCHI) Hits New 52-Week High – Still a Buy?

iShares MSCI China ETF (NASDAQ:MCHI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $66.29 and last traded at $66.12, with a volume of 213153 shares. The stock had previously closed at $65.53.

iShares MSCI China ETF Stock Performance

The stock has a market capitalization of $8.07 billion, a P/E ratio of 13.11 and a beta of 0.49. The firm’s fifty day simple moving average is $61.02 and its 200 day simple moving average is $56.27.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Evergreen Capital Management LLC grew its holdings in shares of iShares MSCI China ETF by 17.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 108,768 shares of the company’s stock valued at $5,993,000 after purchasing an additional 16,074 shares during the last quarter. Tidal Investments LLC increased its holdings in iShares MSCI China ETF by 29.7% in the 2nd quarter. Tidal Investments LLC now owns 19,616 shares of the company’s stock worth $1,081,000 after purchasing an additional 4,490 shares in the last quarter. Snowden Capital Advisors LLC raised its position in iShares MSCI China ETF by 225.2% in the second quarter. Snowden Capital Advisors LLC now owns 26,412 shares of the company’s stock valued at $1,455,000 after purchasing an additional 18,291 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of iShares MSCI China ETF by 21.1% during the second quarter. MML Investors Services LLC now owns 11,681 shares of the company’s stock valued at $644,000 after purchasing an additional 2,039 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of iShares MSCI China ETF by 2.2% in the second quarter. IHT Wealth Management LLC now owns 13,101 shares of the company’s stock valued at $722,000 after buying an additional 277 shares during the period.

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.