iShares China Large-Cap ETF (NYSEARCA:FXI) Sets New 12-Month Low – What’s Next?

iShares China Large-Cap ETF (NYSEARCA:FXI) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $34.12 and last traded at $34.12, with a volume of 231919 shares trading hands. The stock had previously closed at $34.56.

iShares China Large-Cap ETF Stock Down 1.0%

The stock has a market capitalization of $5.50 billion, a PE ratio of 10.78 and a beta of 0.30. The stock has a fifty day moving average of $36.10 and a 200-day moving average of $37.41.

Hedge Funds Weigh In On iShares China Large-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake 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 during the period. Rafferty Asset Management LLC raised its holdings in shares of iShares China Large-Cap ETF by 2.6% in the 4th quarter. Rafferty Asset Management LLC now owns 13,660,513 shares of the exchange traded fund’s stock valued at $523,061,000 after purchasing an additional 340,016 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position 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. JPMorgan Chase & Co. grew its stake in shares of iShares China Large-Cap ETF by 276.1% during the third quarter. JPMorgan Chase & Co. now owns 4,266,142 shares of the exchange traded fund’s stock worth $175,509,000 after purchasing an additional 3,131,897 shares in the last quarter. Finally, Nearwater Capital Markets Ltd grew its stake in shares of iShares China Large-Cap ETF by 196.3% during the fourth quarter. Nearwater Capital Markets Ltd now owns 2,785,000 shares of the exchange traded fund’s stock worth $106,638,000 after purchasing an additional 1,845,000 shares in 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.