iShares MSCI China ETF (NASDAQ:MCHI) Shares Gap Up to $43.28

iShares MSCI China ETF (NASDAQ:MCHI) gapped up before the market opened on Tuesday . The stock had previously closed at $43.28, but opened at $45.95. iShares MSCI China ETF shares last traded at $46.13, with a volume of 1,182,685 shares trading hands.

iShares MSCI China ETF Price Performance

The stock has a market capitalization of $5.21 billion, a PE ratio of 10.76 and a beta of 0.49. The firm’s 50 day simple moving average is $41.61 and its 200 day simple moving average is $42.18.

Institutional Trading of iShares MSCI China ETF

Several large investors have recently bought and sold shares of the company. Trexquant Investment LP bought a new position in iShares MSCI China ETF in the fourth quarter worth $200,000. Cambridge Investment Research Advisors Inc. lifted its position in iShares MSCI China ETF by 396.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 167,203 shares of the company’s stock valued at $6,812,000 after acquiring an additional 133,519 shares during the period. Orion Portfolio Solutions LLC purchased a new position in iShares MSCI China ETF during the 4th quarter valued at about $2,836,000. Hilltop Holdings Inc. bought a new stake in iShares MSCI China ETF during the fourth quarter worth about $261,000. Finally, Fiduciary Trust Co grew its stake in shares of iShares MSCI China ETF by 64.5% in the 4th quarter. Fiduciary Trust Co now owns 44,723 shares of the company’s stock worth $1,822,000 after buying an additional 17,535 shares during the last quarter.

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.