CIBC Asset Management Inc Buys New Position in iShares MSCI China ETF (NASDAQ:MCHI)

CIBC Asset Management Inc purchased a new position in iShares MSCI China ETF (NASDAQ:MCHI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,970 shares of the company’s stock, valued at approximately $253,000.

Several other large investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in iShares MSCI China ETF by 137.6% during the 3rd quarter. Blue Trust Inc. now owns 3,272 shares of the company’s stock valued at $167,000 after purchasing an additional 1,895 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of iShares MSCI China ETF by 26.0% during the first quarter. 1832 Asset Management L.P. now owns 4,551 shares of the company’s stock worth $181,000 after buying an additional 940 shares in the last quarter. Creative Planning bought a new stake in shares of iShares MSCI China ETF in the third quarter worth $221,000. DMC Group LLC acquired a new stake in iShares MSCI China ETF in the third quarter valued at $232,000. Finally, Ignite Planners LLC bought a new position in iShares MSCI China ETF during the 3rd quarter valued at $235,000.

iShares MSCI China ETF Price Performance

Shares of MCHI stock opened at $46.48 on Friday. The firm has a fifty day moving average of $49.34 and a two-hundred day moving average of $45.14. The firm has a market cap of $5.85 billion, a P/E 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.