Allspring Global Investments Holdings LLC Sells 25,849 Shares of iShares MSCI China ETF (NASDAQ:MCHI)

Allspring Global Investments Holdings LLC cut its holdings in iShares MSCI China ETF (NASDAQ:MCHI) by 23.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 85,438 shares of the company’s stock after selling 25,849 shares during the period. Allspring Global Investments Holdings LLC’s holdings in iShares MSCI China ETF were worth $4,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCHI. Lake Street Private Wealth LLC lifted its position in iShares MSCI China ETF by 17.9% in the 1st quarter. Lake Street Private Wealth LLC now owns 66,631 shares of the company’s stock valued at $2,647,000 after acquiring an additional 10,133 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in shares of iShares MSCI China ETF during the 1st quarter valued at $1,822,000. Geneos Wealth Management Inc. bought a new position in shares of iShares MSCI China ETF during the 1st quarter valued at $45,000. Gallacher Capital Management LLC lifted its holdings in shares of iShares MSCI China ETF by 3.8% during the 1st quarter. Gallacher Capital Management LLC now owns 36,370 shares of the company’s stock valued at $1,445,000 after buying an additional 1,342 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of iShares MSCI China ETF by 0.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 39,620 shares of the company’s stock valued at $1,574,000 after buying an additional 269 shares during the period.

iShares MSCI China ETF Price Performance

NASDAQ MCHI opened at $50.56 on Tuesday. The business’s fifty day moving average price is $46.50 and its 200-day moving average price is $44.19. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 10.76 and a beta of 0.49. iShares MSCI China ETF has a 1-year low of $35.58 and a 1-year high of $59.78.

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.