iShares MSCI China ETF (NASDAQ:MCHI) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in iShares MSCI China ETF (NASDAQ:MCHI) by 10.8% in the fourth quarter, Holdings Channel reports. The firm owned 2,455 shares of the company’s stock after selling 298 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI China ETF were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC acquired a new stake in shares of iShares MSCI China ETF in the third quarter valued at approximately $27,000. Jones Financial Companies Lllp raised its position in iShares MSCI China ETF by 8,818.2% in the 4th quarter. Jones Financial Companies Lllp now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 970 shares during the last quarter. Avior Wealth Management LLC boosted its stake in iShares MSCI China ETF by 114.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,071 shares of the company’s stock worth $50,000 after purchasing an additional 571 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in iShares MSCI China ETF during the 4th quarter worth $68,000. Finally, Private Trust Co. NA increased its stake in 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 valued at $83,000 after purchasing an additional 542 shares during the period.

iShares MSCI China ETF Stock Performance

Shares of MCHI opened at $55.61 on Tuesday. iShares MSCI China ETF has a fifty-two week low of $38.83 and a fifty-two week high of $59.79. The firm has a 50-day simple moving average of $52.03 and a 200-day simple moving average of $49.33. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 13.52 and a beta of 0.49.

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.