iShares MSCI China ETF $MCHI Stock Position Trimmed by Gallacher Capital Management LLC

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCHI. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of iShares MSCI China ETF in the third quarter valued at $108,253,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares MSCI China ETF during the 3rd quarter worth about $992,000. Arta Finance Wealth Management LLC lifted its stake in shares of iShares MSCI China ETF by 10.7% during the 3rd 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 during the last quarter. Partners Wealth Management LLC acquired a new stake in shares of iShares MSCI China ETF during the 3rd quarter worth about $1,305,000. Finally, D.A. Davidson & CO. bought a new stake in shares of iShares MSCI China ETF during the 3rd quarter worth about $258,000.

iShares MSCI China ETF Stock Performance

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

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.