The Manufacturers Life Insurance Company Has $997,000 Stake in iShares MSCI China ETF (NASDAQ:MCHI)

The Manufacturers Life Insurance Company reduced its stake in iShares MSCI China ETF (NASDAQ:MCHI) by 93.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,592 shares of the company’s stock after selling 289,183 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares MSCI China ETF were worth $997,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised its position in shares of iShares MSCI China ETF by 4.3% during the third quarter. Penserra Capital Management LLC now owns 356,253 shares of the company’s stock valued at $18,136,000 after buying an additional 14,546 shares during the last quarter. CIBC Asset Management Inc acquired a new position in iShares MSCI China ETF in the 3rd quarter valued at approximately $253,000. Angeles Investment Advisors LLC lifted its position in shares of iShares MSCI China ETF by 104.7% in the 3rd quarter. Angeles Investment Advisors LLC now owns 604,000 shares of the company’s stock worth $30,750,000 after acquiring an additional 309,000 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in shares of iShares MSCI China ETF during the 3rd quarter worth approximately $448,000. Finally, Principal Securities Inc. increased its position in shares of iShares MSCI China ETF by 7.6% during the third quarter. Principal Securities Inc. now owns 146,243 shares of the company’s stock valued at $7,445,000 after purchasing an additional 10,310 shares during the period.

iShares MSCI China ETF Price Performance

Shares of MCHI stock opened at $48.85 on Friday. The stock has a market cap of $6.15 billion, a P/E ratio of 10.76 and a beta of 0.49. The stock has a fifty day moving average price of $49.62 and a 200 day moving average price of $45.32. iShares MSCI China ETF has a one year low of $35.58 and a one year high of $59.78.

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.