Yousif Capital Management LLC Purchases 106,462 Shares of iShares MSCI China ETF $MCHI

Yousif Capital Management LLC grew its position in iShares MSCI China ETF (NASDAQ:MCHI) by 89.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 225,077 shares of the company’s stock after acquiring an additional 106,462 shares during the period. Yousif Capital Management LLC’s holdings in iShares MSCI China ETF were worth $11,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Lake Street Private Wealth LLC lifted its stake in iShares MSCI China ETF by 1.4% during the 3rd quarter. Lake Street Private Wealth LLC now owns 168,035 shares of the company’s stock worth $8,770,000 after acquiring an additional 2,259 shares in the last quarter. Indiana Trust & Investment Management Co purchased a new position in iShares MSCI China ETF during the 3rd quarter valued at about $99,000. Axxcess Wealth Management LLC purchased a new position in iShares MSCI China ETF during the 3rd quarter valued at about $491,000. Diversify Advisory Services LLC boosted its holdings in iShares MSCI China ETF by 1.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 20,692 shares of the company’s stock valued at $1,070,000 after acquiring an additional 305 shares during the period. Finally, USA Financial Formulas acquired a new position in iShares MSCI China ETF in the 3rd quarter valued at about $320,000.

iShares MSCI China ETF Price Performance

NASDAQ MCHI opened at $49.00 on Friday. The company has a market cap of $5.50 billion, a P/E ratio of 13.11 and a beta of 0.33. The stock has a 50-day moving average of $53.05 and a two-hundred day moving average of $54.46. iShares MSCI China ETF has a 1-year low of $48.65 and a 1-year high of $65.84.

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. 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.