Summit Securities Group LLC Makes New $169,000 Investment in iShares MSCI China ETF (NASDAQ:MCHI)

Summit Securities Group LLC acquired a new stake in iShares MSCI China ETF (NASDAQ:MCHI) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,600 shares of the company’s stock, valued at approximately $169,000.

A number of other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in shares of iShares MSCI China ETF by 8.5% during the third quarter. BNP Paribas Financial Markets now owns 154,736 shares of the company’s stock worth $7,878,000 after purchasing an additional 12,109 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI China ETF in the third quarter valued at approximately $14,982,000. Erste Asset Management GmbH bought a new position in iShares MSCI China ETF during the third quarter worth $10,260,000. Integrated Wealth Concepts LLC boosted its holdings in shares of iShares MSCI China ETF by 56.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 19,226 shares of the company’s stock worth $979,000 after buying an additional 6,938 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in shares of iShares MSCI China ETF by 53.0% during the third quarter. IHT Wealth Management LLC now owns 39,759 shares of the company’s stock worth $2,057,000 after acquiring an additional 13,767 shares during the period.

iShares MSCI China ETF Stock Performance

MCHI opened at $54.57 on Friday. The business’s fifty day moving average is $52.80 and its 200-day moving average is $49.68. iShares MSCI China ETF has a 52-week low of $38.83 and a 52-week high of $59.79. The firm has a market cap of $5.85 billion, a P/E ratio of 13.16 and a beta of 0.49.

iShares MSCI China ETF 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.