Yousif Capital Management LLC Sells 97,435 Shares of iShares MSCI China ETF $MCHI

Yousif Capital Management LLC lowered its position in iShares MSCI China ETF (NASDAQ:MCHI) by 25.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 283,520 shares of the company’s stock after selling 97,435 shares during the period. Yousif Capital Management LLC’s holdings in iShares MSCI China ETF were worth $17,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of Nova Scotia boosted its stake in iShares MSCI China ETF by 1.5% in the 2nd quarter. Bank of Nova Scotia now owns 17,052 shares of the company’s stock worth $939,000 after purchasing an additional 246 shares during the period. IHT Wealth Management LLC lifted its stake in iShares MSCI China ETF by 2.2% in the 2nd quarter. IHT Wealth Management LLC now owns 13,101 shares of the company’s stock valued at $722,000 after purchasing an additional 277 shares during the last quarter. Financial Life Planners acquired a new stake in iShares MSCI China ETF in the 3rd quarter valued at about $26,000. Cresset Asset Management LLC lifted its stake in iShares MSCI China ETF by 1.9% in the 2nd quarter. Cresset Asset Management LLC now owns 20,836 shares of the company’s stock valued at $1,148,000 after purchasing an additional 394 shares during the last quarter. Finally, PFG Investments LLC lifted its stake in iShares MSCI China ETF by 8.3% in the 3rd quarter. PFG Investments LLC now owns 5,233 shares of the company’s stock valued at $345,000 after purchasing an additional 400 shares during the last quarter.

iShares MSCI China ETF Stock Performance

Shares of NASDAQ:MCHI opened at $55.61 on Wednesday. iShares MSCI China ETF has a 52-week low of $44.71 and a 52-week high of $67.37. The company has a market capitalization of $6.58 billion, a P/E ratio of 13.11 and a beta of 0.34. The company has a 50-day simple moving average of $58.72 and a 200 day simple moving average of $61.46.

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. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.