Alliance Wealth Advisors LLC UT Takes Position in iShares MSCI China ETF (NASDAQ:MCHI)

Alliance Wealth Advisors LLC UT purchased a new stake in iShares MSCI China ETF (NASDAQ:MCHI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 59,136 shares of the company’s stock, valued at approximately $2,409,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Modera Wealth Management LLC acquired a new stake in iShares MSCI China ETF during the third quarter worth $30,000. Fortitude Family Office LLC acquired a new stake in iShares MSCI China ETF during the fourth quarter worth $34,000. Provence Wealth Management Group acquired a new stake in iShares MSCI China ETF during the third quarter worth $51,000. Global Retirement Partners LLC increased its stake in iShares MSCI China ETF by 53.7% during the third quarter. Global Retirement Partners LLC now owns 1,483 shares of the company’s stock worth $62,000 after acquiring an additional 518 shares during the last quarter. Finally, CWM LLC increased its stake in iShares MSCI China ETF by 359.1% during the fourth quarter. CWM LLC now owns 2,176 shares of the company’s stock worth $89,000 after acquiring an additional 1,702 shares during the last quarter.

iShares MSCI China ETF Stock Performance

Shares of MCHI traded up $0.80 during midday trading on Friday, hitting $42.35. 3,653,459 shares of the stock were exchanged, compared to its average volume of 4,168,177. iShares MSCI China ETF has a 52-week low of $35.58 and a 52-week high of $49.94. The stock has a fifty day simple moving average of $39.84 and a 200 day simple moving average of $40.32. The firm has a market cap of $5.01 billion, a P/E ratio of 9.70 and a beta of 0.90.

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.