Demars Financial Group LLC Invests $151.28 Million in iShares MSCI China ETF (NASDAQ:MCHI)

Demars Financial Group LLC acquired a new stake in iShares MSCI China ETF (NASDAQ:MCHI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,228,409 shares of the company’s stock, valued at approximately $151,283,000. iShares MSCI China ETF comprises approximately 0.5% of Demars Financial Group LLC’s investment portfolio, making the stock its 24th biggest position. Demars Financial Group LLC owned about 3.01% of iShares MSCI China ETF as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Alberta Investment Management Corp grew its position in shares of iShares MSCI China ETF by 66.6% in the 4th quarter. Alberta Investment Management Corp now owns 2,979,356 shares of the company’s stock valued at $139,613,000 after purchasing an additional 1,191,466 shares during the period. OLD Mission Capital LLC boosted its holdings in shares of iShares MSCI China ETF by 228.1% in the fourth quarter. OLD Mission Capital LLC now owns 1,969,541 shares of the company’s stock valued at $92,293,000 after buying an additional 1,369,309 shares during the period. LPL Financial LLC boosted its holdings in shares of iShares MSCI China ETF by 14.7% in the fourth quarter. LPL Financial LLC now owns 1,401,303 shares of the company’s stock valued at $65,665,000 after buying an additional 179,251 shares during the period. Elo Mutual Pension Insurance Co increased its position in shares of iShares MSCI China ETF by 43.3% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 1,302,890 shares of the company’s stock worth $61,053,000 after acquiring an additional 393,630 shares in the last quarter. Finally, Nipun Capital L.P. raised its holdings in shares of iShares MSCI China ETF by 2.3% during the fourth quarter. Nipun Capital L.P. now owns 738,200 shares of the company’s stock worth $34,592,000 after acquiring an additional 16,700 shares during the period.

iShares MSCI China ETF Trading Down 2.0 %

Shares of NASDAQ MCHI opened at $49.16 on Thursday. The company has a fifty day moving average price of $53.35 and a 200 day moving average price of $50.22. iShares MSCI China ETF has a 1-year low of $38.99 and a 1-year high of $59.79. The firm has a market cap of $5.57 billion, a PE ratio of 11.66 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.