DMC Group LLC Invests $232,000 in iShares MSCI China ETF (NASDAQ:MCHI)

DMC Group LLC bought a new position in shares of iShares MSCI China ETF (NASDAQ:MCHI) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,558 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in iShares MSCI China ETF in the 1st quarter valued at $45,000. New Republic Capital LLC acquired a new stake in shares of iShares MSCI China ETF in the first quarter valued at about $124,000. Blue Trust Inc. raised its holdings in shares of iShares MSCI China ETF by 137.6% during the 3rd quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after buying an additional 1,895 shares during the period. Creative Planning purchased a new stake in shares of iShares MSCI China ETF during the 3rd quarter valued at about $221,000. Finally, 1832 Asset Management L.P. lifted its position in iShares MSCI China ETF by 26.0% during the 1st quarter. 1832 Asset Management L.P. now owns 4,551 shares of the company’s stock worth $181,000 after acquiring an additional 940 shares in the last quarter.

iShares MSCI China ETF Trading Up 4.4 %

NASDAQ MCHI opened at $50.49 on Friday. The stock has a market cap of $6.35 billion, a P/E ratio of 10.76 and a beta of 0.49. The company’s fifty day simple moving average is $45.55 and its 200-day simple moving average is $43.75. iShares MSCI China ETF has a 52 week low of $35.58 and a 52 week high of $59.78.

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.