Northwestern Mutual Wealth Management Co. Buys 911,861 Shares of iShares MSCI China ETF $MCHI

Northwestern Mutual Wealth Management Co. boosted its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 19,983.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 916,424 shares of the company’s stock after purchasing an additional 911,861 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI China ETF were worth $55,050,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Angeles Investment Advisors LLC purchased a new position in shares of iShares MSCI China ETF in the 3rd quarter worth $14,948,000. Strategic Investment Advisors MI purchased a new position in shares of iShares MSCI China ETF in the 3rd quarter worth $1,945,000. Caprock Group LLC purchased a new position in shares of iShares MSCI China ETF in the 3rd quarter worth $1,306,000. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI China ETF by 522.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,717 shares of the company’s stock worth $204,314,000 after buying an additional 2,604,585 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of iShares MSCI China ETF by 4.0% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 712,244 shares of the company’s stock worth $46,850,000 after buying an additional 27,070 shares in the last quarter.

iShares MSCI China ETF Price Performance

Shares of NASDAQ:MCHI opened at $56.64 on Monday. The firm has a fifty day simple moving average of $57.27 and a two-hundred day simple moving average of $60.24. The stock has a market capitalization of $6.64 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.

iShares MSCI China ETF 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.