iShares China Large-Cap ETF (NYSEARCA:FXI) Hits New 52-Week Low – Here’s What Happened

iShares China Large-Cap ETF (NYSEARCA:FXI) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $31.19 and last traded at $31.68, with a volume of 55629 shares. The stock had previously closed at $31.59.

iShares China Large-Cap ETF Stock Down 0.4%

The stock has a fifty day moving average price of $35.39 and a 200-day moving average price of $37.01. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 10.78 and a beta of 0.30.

Hedge Funds Weigh In On iShares China Large-Cap ETF

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of iShares China Large-Cap ETF by 9.8% during the 1st quarter. NewEdge Advisors LLC now owns 3,367 shares of the exchange traded fund’s stock worth $121,000 after purchasing an additional 300 shares during the last quarter. Jefferies Financial Group Inc. grew its holdings in iShares China Large-Cap ETF by 3.5% during the 3rd quarter. Jefferies Financial Group Inc. now owns 9,138 shares of the exchange traded fund’s stock valued at $376,000 after buying an additional 312 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in iShares China Large-Cap ETF by 7.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,724 shares of the exchange traded fund’s stock valued at $194,000 after buying an additional 321 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in iShares China Large-Cap ETF by 2.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,417 shares of the exchange traded fund’s stock worth $437,000 after buying an additional 324 shares in the last quarter. Finally, Savvy Advisors Inc. increased its position in iShares China Large-Cap ETF by 4.1% during the fourth quarter. Savvy Advisors Inc. now owns 8,784 shares of the exchange traded fund’s stock worth $336,000 after buying an additional 346 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.