iShares MSCI China ETF (NASDAQ:MCHI) Shares Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC lifted its position in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,028 shares of the company’s stock after buying an additional 1,195 shares during the period. iShares MSCI China ETF makes up about 0.8% of Gallacher Capital Management LLC’s holdings, making the stock its 20th biggest holding. Gallacher Capital Management LLC’s holdings in iShares MSCI China ETF were worth $1,427,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MCHI. Modera Wealth Management LLC purchased a new stake in iShares MSCI China ETF during the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC bought a new stake in iShares MSCI China ETF in the fourth quarter valued at $34,000. Signature Resources Capital Management LLC acquired a new stake in shares of iShares MSCI China ETF in the fourth quarter valued at approximately $40,000. Provence Wealth Management Group bought a new stake in iShares MSCI China ETF during the 3rd quarter valued at $51,000. Finally, CWM LLC lifted its holdings in iShares MSCI China ETF by 359.1% in the fourth quarter. CWM LLC now owns 2,176 shares of the company’s stock worth $89,000 after purchasing an additional 1,702 shares during the period.

iShares MSCI China ETF Stock Performance

Shares of NASDAQ:MCHI traded up $0.30 during midday trading on Friday, reaching $44.77. The company had a trading volume of 4,491,088 shares, compared to its average volume of 4,211,493. The company has a fifty day simple moving average of $40.24 and a two-hundred day simple moving average of $40.27. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 9.70 and a beta of 0.49. iShares MSCI China ETF has a 1-year low of $35.58 and a 1-year high of $49.94.

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.