iShares China Large-Cap ETF (NYSEARCA:FXI – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $31.19 and last traded at $31.68, with a volume of 55629 shares changing hands. The stock had previously closed at $31.59.
iShares China Large-Cap ETF Price Performance
The firm’s 50-day moving average price is $35.62 and its 200 day moving average price is $37.11. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 10.78 and a beta of 0.30.
Hedge Funds Weigh In On iShares China Large-Cap ETF
A number of institutional investors have recently made changes to their positions in FXI. Nearwater Capital Markets Ltd lifted its position in shares of iShares China Large-Cap ETF by 196.3% in the fourth 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 purchased a new position in iShares China Large-Cap ETF in the 1st quarter valued at about $66,226,000. PBCay One RSC Ltd acquired a new stake in shares of iShares China Large-Cap ETF during the 1st quarter worth about $66,226,000. Bank of America Corp DE grew its holdings in shares of iShares China Large-Cap ETF by 12.1% during the first quarter. Bank of America Corp DE now owns 15,268,671 shares of the exchange traded fund’s stock worth $548,145,000 after buying an additional 1,646,722 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of iShares China Large-Cap ETF by 315.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,225,700 shares of the exchange traded fund’s stock valued at $46,932,000 after buying an additional 930,700 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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