Northwestern Mutual Wealth Management Co. Boosts Holdings in iShares MSCI China ETF $MCHI

Northwestern Mutual Wealth Management Co. increased its position in iShares MSCI China ETF (NASDAQ:MCHI) by 19,983.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 916,424 shares of the company’s stock after buying an additional 911,861 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.72% of iShares MSCI China ETF worth $55,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Financial Life Planners purchased a new position in shares of iShares MSCI China ETF in the third quarter worth $26,000. JPL Wealth Management LLC purchased a new position in shares of iShares MSCI China ETF in the third quarter worth $34,000. Aventura Private Wealth LLC purchased a new position in shares of iShares MSCI China ETF in the fourth quarter worth $38,000. Whittier Trust Co. purchased a new position in shares of iShares MSCI China ETF in the fourth quarter worth $38,000. Finally, Advisory Services Network LLC purchased a new position in shares of iShares MSCI China ETF in the third quarter worth $39,000.

iShares MSCI China ETF Price Performance

Shares of NASDAQ MCHI opened at $56.64 on Monday. iShares MSCI China ETF has a 52 week low of $52.53 and a 52 week high of $67.37. The firm’s fifty day moving average is $57.27 and its 200 day moving average is $60.24. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 13.11 and a beta of 0.34.

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. 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.