Shares of iShares China Large-Cap ETF (NYSEARCA:FXI – Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $32.75 and last traded at $32.75, with a volume of 385822 shares trading hands. The stock had previously closed at $33.43.
iShares China Large-Cap ETF Stock Performance
The company has a market cap of $5.44 billion, a price-to-earnings ratio of 10.78 and a beta of 0.30. The firm’s 50 day simple moving average is $35.98 and its 200-day simple moving average is $37.32.
Hedge Funds Weigh In On iShares China Large-Cap ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nearwater Capital Markets Ltd grew its stake in iShares China Large-Cap ETF by 196.3% during the 4th quarter. Nearwater Capital Markets Ltd now owns 2,785,000 shares of the exchange traded fund’s stock valued at $106,638,000 after acquiring an additional 1,845,000 shares in the last quarter. Spear Holdings RSC Ltd acquired a new stake in iShares China Large-Cap ETF in the 1st quarter valued at about $66,226,000. PBCay One RSC Ltd purchased a new position in iShares China Large-Cap ETF in the 1st quarter worth approximately $66,226,000. Bank of America Corp DE lifted its stake in iShares China Large-Cap ETF by 12.1% in the 1st quarter. Bank of America Corp DE now owns 15,268,671 shares of the exchange traded fund’s stock worth $548,145,000 after purchasing an additional 1,646,722 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of iShares China Large-Cap ETF by 48.7% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,430,000 shares of the exchange traded fund’s stock worth $182,250,000 after purchasing an additional 1,450,000 shares during the last quarter.
About iShares China Large-Cap ETF
iShares China Large-Cap ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index (the Underlying Index). The Fund’s portfolio of sectors include Financials, Telecommunication, Oil & gas, Technology and Consumer goods. The underlying Index is designed to represent the performance of the companies in the Chinese equity market, which are available to the international investors.
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