Verity Asset Management Inc. bought a new position in shares of iShares China Large-Cap ETF (NYSEARCA:FXI – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,066 shares of the exchange traded fund’s stock, valued at approximately $581,000.
A number of other hedge funds also recently added to or reduced their stakes in FXI. Finley Financial LLC grew its stake in shares of iShares China Large-Cap ETF by 1.6% in the second quarter. Finley Financial LLC now owns 19,480 shares of the exchange traded fund’s stock worth $615,000 after acquiring an additional 300 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of iShares China Large-Cap ETF by 9.8% during the first quarter. NewEdge Advisors LLC now owns 3,367 shares of the exchange traded fund’s stock worth $121,000 after acquiring an additional 300 shares during the period. Kapitalo Investimentos Ltda increased its position in shares of iShares China Large-Cap ETF by 0.5% during the third quarter. Kapitalo Investimentos Ltda now owns 78,086 shares of the exchange traded fund’s stock worth $2,656,000 after acquiring an additional 368 shares during the period. Parallel Advisors LLC grew its stake in iShares China Large-Cap ETF by 6.1% during the 1st quarter. Parallel Advisors LLC now owns 7,927 shares of the exchange traded fund’s stock worth $285,000 after purchasing an additional 453 shares in the last quarter. Finally, Boreal Capital Management LLC increased its holdings in iShares China Large-Cap ETF by 33.3% during the 1st quarter. Boreal Capital Management LLC now owns 2,600 shares of the exchange traded fund’s stock worth $93,000 after purchasing an additional 650 shares during the period.
iShares China Large-Cap ETF Price Performance
Shares of NYSEARCA FXI opened at $34.59 on Thursday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 10.78 and a beta of 0.30. The stock’s 50-day moving average is $34.07 and its two-hundred day moving average is $35.60. iShares China Large-Cap ETF has a 1-year low of $31.19 and a 1-year high of $41.22.
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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