Insight Wealth Strategies LLC Purchases New Shares in iShares MSCI China ETF (NASDAQ:MCHI)

Insight Wealth Strategies LLC purchased a new stake in iShares MSCI China ETF (NASDAQ:MCHI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,038 shares of the company’s stock, valued at approximately $775,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Creative Planning acquired a new position in shares of iShares MSCI China ETF in the 1st quarter valued at $242,000. Baystate Wealth Management LLC increased its position in shares of 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 in the last quarter. UBP Investment Advisors SA increased its position in shares of iShares MSCI China ETF by 16.7% during the 1st quarter. UBP Investment Advisors SA now owns 12,816 shares of the company’s stock worth $800,000 after purchasing an additional 1,838 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of iShares MSCI China ETF by 10.7% during the 1st quarter. First Republic Investment Management Inc. now owns 388,268 shares of the company’s stock worth $24,240,000 after purchasing an additional 37,626 shares in the last quarter. Finally, Accuvest Global Advisors increased its position in shares of iShares MSCI China ETF by 495.7% during the 1st quarter. Accuvest Global Advisors now owns 126,275 shares of the company’s stock worth $7,883,000 after purchasing an additional 105,077 shares in the last quarter.

Shares of iShares MSCI China ETF stock traded down $1.22 during mid-day trading on Friday, reaching $54.88. 324,385 shares of the stock were exchanged, compared to its average volume of 4,948,942. The firm has a 50-day simple moving average of $57.57 and a 200 day simple moving average of $59.60. iShares MSCI China ETF has a fifty-two week low of $50.45 and a fifty-two week high of $65.25.

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.

Further Reading: CD Ladder

Institutional Ownership by Quarter for iShares MSCI China ETF (NASDAQ:MCHI)

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