DMC Group LLC Makes New $232,000 Investment in iShares MSCI China ETF (NASDAQ:MCHI)

DMC Group LLC acquired a new stake in iShares MSCI China ETF (NASDAQ:MCHI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,558 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in iShares MSCI China ETF by 69.4% during the 4th quarter. Wellington Management Group LLP now owns 285,202 shares of the company’s stock worth $11,619,000 after buying an additional 116,887 shares during the period. Wallace Advisory Group LLC acquired a new stake in shares of iShares MSCI China ETF during the first quarter worth about $1,815,000. 180 Wealth Advisors LLC purchased a new position in shares of iShares MSCI China ETF during the first quarter worth about $290,000. Quattro Financial Advisors LLC purchased a new position in shares of iShares MSCI China ETF during the first quarter worth about $5,895,000. Finally, Lake Street Private Wealth LLC increased its position in iShares MSCI China ETF by 17.9% in the 1st quarter. Lake Street Private Wealth LLC now owns 66,631 shares of the company’s stock valued at $2,647,000 after acquiring an additional 10,133 shares during the period.

iShares MSCI China ETF Price Performance

Shares of NASDAQ MCHI opened at $50.49 on Friday. The stock has a fifty day moving average price of $45.55 and a 200 day moving average price of $43.75. iShares MSCI China ETF has a 1-year low of $35.58 and a 1-year high of $59.78. The company has a market cap of $6.35 billion, a PE ratio of 10.76 and a beta of 0.49.

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.