Prudential PLC Has $17.57 Million Stake in iShares MSCI China ETF $MCHI

Prudential PLC trimmed its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 59.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 292,500 shares of the company’s stock after selling 434,700 shares during the period. Prudential PLC’s holdings in iShares MSCI China ETF were worth $17,570,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in iShares MSCI China ETF during the third quarter worth $26,000. JPL Wealth Management LLC acquired a new position in iShares MSCI China ETF during the third quarter worth $34,000. Advisory Services Network LLC acquired a new position in iShares MSCI China ETF during the third quarter worth $39,000. Whittier Trust Co. acquired a new position in iShares MSCI China ETF during the fourth quarter worth $38,000. Finally, Aventura Private Wealth LLC acquired a new position in iShares MSCI China ETF during the fourth quarter worth $38,000.

iShares MSCI China ETF Price Performance

iShares MSCI China ETF stock opened at $55.73 on Friday. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 13.11 and a beta of 0.32. iShares MSCI China ETF has a one year low of $53.47 and a one year high of $67.37. The company’s fifty day moving average price is $56.87 and its two-hundred day moving average price is $59.42.

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.