Matrix Trust Co Makes New Investment in iShares MSCI China ETF (NASDAQ:MCHI)

Matrix Trust Co purchased a new position in iShares MSCI China ETF (NASDAQ:MCHI) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,389 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors also recently added to or reduced their stakes in MCHI. Modera Wealth Management LLC bought a new position in iShares MSCI China ETF in the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC bought a new position in iShares MSCI China ETF in the 4th quarter worth approximately $34,000. Provence Wealth Management Group bought a new position in iShares MSCI China ETF in the 3rd quarter worth approximately $51,000. Global Retirement Partners LLC increased its position in iShares MSCI China ETF by 53.7% in the 3rd quarter. Global Retirement Partners LLC now owns 1,483 shares of the company’s stock worth $62,000 after buying an additional 518 shares during the period. Finally, CWM LLC increased its position in iShares MSCI China ETF by 359.1% in the 4th quarter. CWM LLC now owns 2,176 shares of the company’s stock worth $89,000 after buying an additional 1,702 shares during the period.

iShares MSCI China ETF Stock Up 1.9 %

NASDAQ MCHI traded up $0.80 during trading on Friday, hitting $42.35. The company’s stock had a trading volume of 3,653,459 shares, compared to its average volume of 4,168,177. The firm has a market cap of $5.01 billion, a P/E ratio of 9.70 and a beta of 0.90. iShares MSCI China ETF has a 52 week low of $35.58 and a 52 week high of $49.94. The firm has a 50 day moving average price of $39.84 and a 200 day moving average price of $40.32.

iShares MSCI China ETF 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.