New York Life Investment Management LLC Makes New Investment in iShares MSCI China ETF $MCHI

New York Life Investment Management LLC bought a new stake in iShares MSCI China ETF (NASDAQ:MCHI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 350,357 shares of the company’s stock, valued at approximately $18,285,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of iShares MSCI China ETF during the third quarter worth $108,253,000. SPX Gestao de Recursos Ltda bought a new position in iShares MSCI China ETF in the first quarter valued at about $54,607,000. Amundi boosted its holdings in iShares MSCI China ETF by 13.2% in the first quarter. Amundi now owns 572,401 shares of the company’s stock valued at $32,157,000 after acquiring an additional 66,701 shares during the last quarter. Syon Capital LLC boosted its holdings in iShares MSCI China ETF by 16.1% in the second quarter. Syon Capital LLC now owns 500,385 shares of the company’s stock valued at $25,532,000 after acquiring an additional 69,334 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in iShares MSCI China ETF by 859.4% in the second quarter. Envestnet Asset Management Inc. now owns 488,288 shares of the company’s stock valued at $24,915,000 after acquiring an additional 437,395 shares during the last quarter.

iShares MSCI China ETF Stock Down 0.8%

Shares of MCHI stock opened at $50.69 on Thursday. The stock has a 50-day moving average price of $51.80 and a 200 day moving average price of $55.30. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 11.52 and a beta of 0.33. iShares MSCI China ETF has a 12 month low of $48.65 and a 12 month high of $65.37.

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. 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.