JPMorgan Chase & Co. grew its holdings in iShares MSCI China ETF (NASDAQ:MCHI) by 219.5% in the first quarter, Holdings Channel reports. The institutional investor owned 2,963,657 shares of the company’s stock after acquiring an additional 2,035,970 shares during the period. JPMorgan Chase & Co.’s holdings in iShares MSCI China ETF were worth $185,020,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MCHI. Cranbrook Wealth Management LLC acquired a new stake in iShares MSCI China ETF during the 4th quarter worth approximately $28,000. Cetera Advisors LLC acquired a new stake in iShares MSCI China ETF during the 1st quarter worth approximately $35,000. Bank of Montreal Can lifted its holdings in iShares MSCI China ETF by 250.0% during the 4th quarter. Bank of Montreal Can now owns 700 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Financial Advocates Investment Management lifted its holdings in iShares MSCI China ETF by 140.1% during the 4th quarter. Financial Advocates Investment Management now owns 1,645 shares of the company’s stock worth $48,000 after purchasing an additional 960 shares during the last quarter. Finally, Baystate Wealth Management LLC lifted its holdings in iShares MSCI China ETF by 52.5% during the 1st quarter. Baystate Wealth Management LLC now owns 825 shares of the company’s stock worth $53,000 after purchasing an additional 284 shares during the last quarter.
NASDAQ:MCHI opened at $56.86 on Wednesday. iShares MSCI China ETF has a 1-year low of $50.45 and a 1-year high of $72.16.
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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.
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