Gallacher Capital Management LLC Has $1.43 Million Stake in iShares MSCI China ETF (NASDAQ:MCHI)

Gallacher Capital Management LLC increased its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,028 shares of the company’s stock after buying an additional 1,195 shares during the quarter. iShares MSCI China ETF comprises approximately 0.8% of Gallacher Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Gallacher Capital Management LLC’s holdings in iShares MSCI China ETF were worth $1,427,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Modera Wealth Management LLC bought a new stake in shares of iShares MSCI China ETF during the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC acquired a new position in iShares MSCI China ETF during the fourth quarter valued at approximately $34,000. Signature Resources Capital Management LLC bought a new stake in iShares MSCI China ETF during the fourth quarter worth $40,000. Provence Wealth Management Group acquired a new stake in shares of iShares MSCI China ETF in the 3rd quarter valued at $51,000. Finally, CWM LLC increased its stake in shares of iShares MSCI China ETF by 359.1% in the 4th quarter. CWM LLC now owns 2,176 shares of the company’s stock valued at $89,000 after purchasing an additional 1,702 shares during the last quarter.

iShares MSCI China ETF Stock Performance

Shares of iShares MSCI China ETF stock traded up $0.30 during trading on Friday, reaching $44.77. 4,491,088 shares of the company’s stock were exchanged, compared to its average volume of 4,211,493. The firm’s 50-day moving average price is $40.24 and its 200 day moving average price is $40.27. The company has a market cap of $5.30 billion, a P/E ratio of 9.70 and a beta of 0.49. iShares MSCI China ETF has a 1-year low of $35.58 and a 1-year high of $49.94.

iShares MSCI China ETF Company 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.