New England Private Wealth Advisors LLC Sells 20,424 Shares of iShares MSCI China ETF $MCHI

New England Private Wealth Advisors LLC reduced its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 88.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,736 shares of the company’s stock after selling 20,424 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in iShares MSCI China ETF were worth $164,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MCHI. Financial Life Planners bought a new stake in shares of iShares MSCI China ETF during the 3rd quarter valued at about $26,000. JPL Wealth Management LLC bought a new stake in shares of iShares MSCI China ETF during the 3rd quarter valued at about $34,000. Aventura Private Wealth LLC bought a new stake in shares of iShares MSCI China ETF during the 4th quarter valued at about $38,000. Whittier Trust Co. bought a new stake in shares of iShares MSCI China ETF during the 4th quarter valued at about $38,000. Finally, Advisory Services Network LLC bought a new stake in shares of iShares MSCI China ETF during the 3rd quarter valued at about $39,000.

iShares MSCI China ETF Stock Down 0.8%

iShares MSCI China ETF stock opened at $55.54 on Friday. The business has a 50-day simple moving average of $57.14 and a two-hundred day simple moving average of $59.98. The company has a market cap of $6.51 billion, a P/E ratio of 13.11 and a beta of 0.34. iShares MSCI China ETF has a 52-week low of $52.53 and a 52-week high of $67.37.

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.