Prudential Financial Inc. Raises Position in iShares MSCI China ETF (NASDAQ:MCHI)

Prudential Financial Inc. raised its holdings in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 37.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,200 shares of the company’s stock after buying an additional 5,461 shares during the period. Prudential Financial Inc.’s holdings in iShares MSCI China ETF were worth $947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in iShares MSCI China ETF by 8,818.2% during the 4th quarter. Jones Financial Companies Lllp now owns 981 shares of the company’s stock valued at $46,000 after acquiring an additional 970 shares during the period. Avior Wealth Management LLC lifted its position in iShares MSCI China ETF by 114.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock valued at $50,000 after purchasing an additional 571 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of iShares MSCI China ETF in the fourth quarter worth approximately $68,000. Private Trust Co. NA increased its stake in shares of iShares MSCI China ETF by 44.3% in the fourth quarter. Private Trust Co. NA now owns 1,766 shares of the company’s stock worth $83,000 after buying an additional 542 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in iShares MSCI China ETF by 13.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,570 shares of the company’s stock valued at $120,000 after buying an additional 309 shares during the last quarter.

iShares MSCI China ETF Stock Down 8.0 %

Shares of MCHI opened at $46.00 on Tuesday. The firm has a fifty day simple moving average of $53.45 and a two-hundred day simple moving average of $50.19. iShares MSCI China ETF has a twelve month low of $38.83 and a twelve month high of $59.79. The stock has a market capitalization of $5.32 billion, a P/E ratio of 13.16 and a beta of 0.49.

iShares MSCI China ETF Company 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.