Verity Asset Management Inc. Makes New Investment in iShares China Large-Cap ETF $FXI

Verity Asset Management Inc. bought a new position in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 17,066 shares of the exchange traded fund’s stock, valued at approximately $581,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in shares of iShares China Large-Cap ETF by 12.1% in the 1st 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 purchasing an additional 1,646,722 shares during the period. Spear Holdings RSC Ltd purchased a new position in shares of iShares China Large-Cap ETF during the first quarter worth about $66,226,000. PBCay One RSC Ltd purchased a new position in shares of iShares China Large-Cap ETF during the first quarter worth about $66,226,000. Bank of Nova Scotia increased its position in iShares China Large-Cap ETF by 199.1% in the 1st quarter. Bank of Nova Scotia now owns 758,291 shares of the exchange traded fund’s stock valued at $27,224,000 after acquiring an additional 504,739 shares during the period. Finally, Group One Trading LLC increased its position in iShares China Large-Cap ETF by 13.2% in the 1st quarter. Group One Trading LLC now owns 371,956 shares of the exchange traded fund’s stock valued at $13,353,000 after acquiring an additional 43,356 shares during the period.

iShares China Large-Cap ETF Stock Up 4.2%

FXI opened at $34.59 on Thursday. The business has a 50 day moving average price of $34.07 and a two-hundred day moving average price of $35.60. The company has a market cap of $3.96 billion, a PE ratio of 10.78 and a beta of 0.30. iShares China Large-Cap ETF has a 52 week low of $31.19 and a 52 week high of $41.22.

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. The underlying Index is designed to represent the performance of the companies in the Chinese equity market, which are available to the international investors.