Gallacher Capital Management LLC Sells 10,559 Shares of iShares MSCI China ETF $MCHI

Gallacher Capital Management LLC reduced its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 37.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,795 shares of the company’s stock after selling 10,559 shares during the period. iShares MSCI China ETF makes up about 0.8% of Gallacher Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Gallacher Capital Management LLC’s holdings in iShares MSCI China ETF were worth $929,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in iShares MSCI China ETF during the 3rd quarter worth $108,253,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares MSCI China ETF during the third quarter worth $992,000. Arta Finance Wealth Management LLC lifted its holdings in shares of iShares MSCI China ETF by 10.7% during the third quarter. Arta Finance Wealth Management LLC now owns 6,697 shares of the company’s stock worth $350,000 after buying an additional 649 shares in the last quarter. Partners Wealth Management LLC acquired a new stake in shares of iShares MSCI China ETF during the third quarter worth $1,305,000. Finally, D.A. Davidson & CO. bought a new stake in shares of iShares MSCI China ETF in the third quarter valued at about $258,000.

iShares MSCI China ETF Stock Performance

MCHI stock opened at $49.40 on Wednesday. The company’s 50-day simple moving average is $52.21 and its 200 day simple moving average is $55.64. iShares MSCI China ETF has a 52 week low of $48.65 and a 52 week high of $65.37. The company has a market capitalization of $5.54 billion, a PE ratio of 13.11 and a beta of 0.33.

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.