iShares MSCI China ETF $MCHI Stock Position Reduced by Avestar Capital LLC

Avestar Capital LLC trimmed its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 37.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,628 shares of the company’s stock after selling 16,252 shares during the period. Avestar Capital LLC’s holdings in iShares MSCI China ETF were worth $1,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCHI. Arta Finance Wealth Management LLC boosted its holdings 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 purchasing an additional 649 shares during the last quarter. Partners Wealth Management LLC purchased a new stake in shares of iShares MSCI China ETF during the third quarter worth approximately $1,305,000. D.A. Davidson & CO. purchased a new position in iShares MSCI China ETF in the third quarter valued at approximately $258,000. Lynx Investment Advisory boosted its stake in iShares MSCI China ETF by 15.1% in the third quarter. Lynx Investment Advisory now owns 15,579 shares of the company’s stock valued at $813,000 after acquiring an additional 2,038 shares in the last quarter. Finally, William Mack & Associates Inc. acquired a new position in iShares MSCI China ETF during the third quarter worth approximately $65,000.

iShares MSCI China ETF Price Performance

MCHI opened at $49.07 on Friday. iShares MSCI China ETF has a 12 month low of $48.65 and a 12 month high of $65.37. The stock has a market capitalization of $5.51 billion, a P/E ratio of 13.11 and a beta of 0.33. The business has a 50 day simple moving average of $52.44 and a 200-day simple moving average of $55.78.

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.