iShares China Large-Cap ETF (NYSEARCA:FXI) Reaches New 1-Year Low – Here’s Why

Shares of 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 Price Performance

The stock has a market capitalization of $5.67 billion, a P/E ratio of 10.78 and a beta of 0.30. The company’s 50-day simple moving average is $36.18 and its 200-day simple moving average is $37.49.

Institutional Investors Weigh In On iShares China Large-Cap ETF

A number of large investors have recently modified their holdings of FXI. Bank of America Corp DE increased its stake in shares of iShares China Large-Cap ETF by 12.1% in the first quarter. Bank of America Corp DE now owns 15,268,671 shares of the exchange traded fund’s stock valued at $548,145,000 after buying an additional 1,646,722 shares during the period. Rafferty Asset Management LLC grew its holdings in iShares China Large-Cap ETF by 2.6% during the 4th quarter. Rafferty Asset Management LLC now owns 13,660,513 shares of the exchange traded fund’s stock worth $523,061,000 after acquiring an additional 340,016 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in iShares China Large-Cap ETF by 48.7% in the third 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 in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares China Large-Cap ETF by 276.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,266,142 shares of the exchange traded fund’s stock valued at $175,509,000 after acquiring an additional 3,131,897 shares during the period. Finally, Nearwater Capital Markets Ltd boosted its position in shares of 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 worth $106,638,000 after purchasing an additional 1,845,000 shares in the last quarter.

iShares China Large-Cap ETF Company Profile

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.