City of London Investment Management Co. Ltd. Decreases Stake in iShares China Large-Cap ETF $FXI

City of London Investment Management Co. Ltd. lessened its holdings in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) by 32.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 556,671 shares of the exchange traded fund’s stock after selling 267,438 shares during the quarter. iShares China Large-Cap ETF accounts for about 1.9% of City of London Investment Management Co. Ltd.’s investment portfolio, making the stock its 16th largest holding. City of London Investment Management Co. Ltd.’s holdings in iShares China Large-Cap ETF were worth $20,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in iShares China Large-Cap ETF by 283.5% during the first quarter. Goldman Sachs Group Inc. now owns 29,228,254 shares of the exchange traded fund’s stock worth $1,047,541,000 after buying an additional 21,607,602 shares during the period. New Vernon Capital Holdings II LLC purchased a new stake in iShares China Large-Cap ETF during the 1st quarter worth $284,898,000. National Bank of Canada FI boosted its position in iShares China Large-Cap ETF by 55.5% during the 1st quarter. National Bank of Canada FI now owns 5,285,334 shares of the exchange traded fund’s stock worth $189,426,000 after purchasing an additional 1,886,646 shares during the period. Spear Holdings RSC Ltd acquired a new stake in iShares China Large-Cap ETF in the 2nd quarter valued at $188,976,000. Finally, Nearwater Capital Markets Ltd purchased a new position in iShares China Large-Cap ETF in the first quarter valued at about $58,778,000.

iShares China Large-Cap ETF Price Performance

Shares of NYSEARCA FXI opened at $40.12 on Friday. iShares China Large-Cap ETF has a 1-year low of $28.41 and a 1-year high of $42.00. The business has a 50-day moving average of $40.44 and a 200-day moving average of $38.19. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 10.78 and a beta of 0.28.

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.