iShares China Large-Cap ETF (NYSEARCA:FXI) Sets New 12-Month High – Here’s Why

Shares of iShares China Large-Cap ETF (NYSEARCA:FXI) reached a new 52-week high on Monday . The stock traded as high as $40.95 and last traded at $40.80, with a volume of 789834 shares traded. The stock had previously closed at $40.49.

iShares China Large-Cap ETF Stock Up 0.9%

The company’s 50-day moving average is $38.26 and its two-hundred day moving average is $36.37. The company has a market capitalization of $6.91 billion, a P/E ratio of 10.78 and a beta of 0.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FXI. Cetera Investment Advisers boosted its stake in iShares China Large-Cap ETF by 114.1% in the first quarter. Cetera Investment Advisers now owns 70,724 shares of the exchange traded fund’s stock worth $2,535,000 after buying an additional 37,690 shares in the last quarter. MONECO Advisors LLC purchased a new stake in iShares China Large-Cap ETF in the first quarter worth approximately $764,000. Baird Financial Group Inc. purchased a new stake in iShares China Large-Cap ETF in the first quarter worth approximately $1,074,000. Cary Street Partners Financial LLC purchased a new stake in iShares China Large-Cap ETF in the first quarter worth approximately $306,000. Finally, GAMMA Investing LLC boosted its stake in iShares China Large-Cap ETF by 3,225.5% in the first quarter. GAMMA Investing LLC now owns 243,425 shares of the exchange traded fund’s stock worth $8,724,000 after buying an additional 236,105 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.