City of London Investment Management Co. Ltd. Sells 464,124 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

City of London Investment Management Co. Ltd. decreased its holdings in iShares MSCI China ETF (NASDAQ:MCHI) by 75.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 151,000 shares of the company’s stock after selling 464,124 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in iShares MSCI China ETF were worth $6,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MCHI. Vanguard Group Inc. increased its position in iShares MSCI China ETF by 31.5% during the 1st quarter. Vanguard Group Inc. now owns 51,055 shares of the company’s stock worth $2,028,000 after buying an additional 12,235 shares during the period. Wellington Management Group LLP boosted its holdings in iShares MSCI China ETF by 69.4% in the 4th quarter. Wellington Management Group LLP now owns 285,202 shares of the company’s stock valued at $11,619,000 after purchasing an additional 116,887 shares during the period. Orion Portfolio Solutions LLC acquired a new position in shares of iShares MSCI China ETF during the 4th quarter worth approximately $2,836,000. Cetera Investment Advisers increased its holdings in shares of iShares MSCI China ETF by 65.8% during the first quarter. Cetera Investment Advisers now owns 71,113 shares of the company’s stock worth $2,825,000 after purchasing an additional 28,226 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of iShares MSCI China ETF by 512.5% in the first quarter. SG Americas Securities LLC now owns 47,313 shares of the company’s stock valued at $1,880,000 after buying an additional 39,588 shares in the last quarter.

iShares MSCI China ETF Stock Performance

NASDAQ:MCHI opened at $40.90 on Monday. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. iShares MSCI China ETF has a fifty-two week low of $35.58 and a fifty-two week high of $47.69. The stock has a fifty day moving average price of $41.73 and a 200-day moving average price of $42.05.

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.