GM Advisory Group LLC Decreases Position in iShares China Large-Cap ETF $FXI

GM Advisory Group LLC reduced its stake in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) by 39.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,208 shares of the exchange traded fund’s stock after selling 30,310 shares during the quarter. GM Advisory Group LLC’s holdings in iShares China Large-Cap ETF were worth $1,735,000 at the end of the most recent quarter.

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

iShares China Large-Cap ETF Trading Down 0.6%

FXI opened at $39.37 on Thursday. iShares China Large-Cap ETF has a 12-month low of $28.41 and a 12-month high of $42.00. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 10.78 and a beta of 0.28. The stock has a fifty day simple moving average of $40.24 and a two-hundred day simple moving average of $38.45.

iShares China Large-Cap ETF 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.