The Manufacturers Life Insurance Company Has $5.16 Million Stock Position in iShares MSCI China ETF $MCHI

The Manufacturers Life Insurance Company reduced its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 31.3% during the 2nd quarter, Holdings Channel reports. The firm owned 101,161 shares of the company’s stock after selling 46,065 shares during the period. The Manufacturers Life Insurance Company’s holdings in iShares MSCI China ETF were worth $5,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPL Wealth Management LLC acquired a new stake in shares of iShares MSCI China ETF during the third quarter worth $34,000. Advisory Services Network LLC bought a new position in iShares MSCI China ETF during the third quarter worth about $39,000. Zions Bancorporation National Association UT bought a new position in iShares MSCI China ETF during the fourth quarter worth about $39,000. Hurley Capital LLC acquired a new position in shares of iShares MSCI China ETF during the 4th quarter worth about $49,000. Finally, Banque Cantonale Vaudoise grew its position in shares of iShares MSCI China ETF by 11.2% during the 4th quarter. Banque Cantonale Vaudoise now owns 1,777 shares of the company’s stock worth $107,000 after buying an additional 179 shares during the period.

iShares MSCI China ETF Price Performance

Shares of MCHI stock opened at $52.96 on Monday. The stock has a market cap of $5.97 billion, a PE ratio of 13.11 and a beta of 0.34. The stock has a 50-day moving average of $54.47 and a 200-day moving average of $55.53. iShares MSCI China ETF has a one year low of $49.88 and a one year high of $67.37.

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.