Lake Street Private Wealth LLC Decreases Holdings in iShares MSCI China ETF (NASDAQ:MCHI)

Lake Street Private Wealth LLC trimmed its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,934 shares of the company’s stock after selling 6,041 shares during the quarter. Lake Street Private Wealth LLC’s holdings in iShares MSCI China ETF were worth $3,153,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of iShares MSCI China ETF by 69.4% in the fourth quarter. Wellington Management Group LLP now owns 285,202 shares of the company’s stock valued at $11,619,000 after acquiring an additional 116,887 shares in the last quarter. 180 Wealth Advisors LLC purchased a new stake in shares of iShares MSCI China ETF in the first quarter valued at $290,000. Quattro Financial Advisors LLC purchased a new stake in shares of iShares MSCI China ETF in the first quarter valued at $5,895,000. Greenwood Capital Associates LLC purchased a new position in iShares MSCI China ETF during the first quarter worth about $1,822,000. Finally, Geneos Wealth Management Inc. purchased a new position in iShares MSCI China ETF during the first quarter worth about $45,000.

iShares MSCI China ETF Stock Performance

NASDAQ MCHI traded down $0.06 during trading hours on Wednesday, hitting $50.32. 943,089 shares of the company’s stock were exchanged, compared to its average volume of 4,035,795. The business’s 50 day moving average is $45.87 and its 200-day moving average is $43.91. iShares MSCI China ETF has a 12-month low of $35.58 and a 12-month high of $59.78. The firm has a market capitalization of $6.33 billion, a P/E ratio of 10.76 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.