iShares China Large-Cap ETF (NYSEARCA:FXI) Hits New 12-Month Low – Here’s What Happened

iShares China Large-Cap ETF (NYSEARCA:FXI) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $34.60 and last traded at $34.67, with a volume of 26912143 shares traded. The stock had previously closed at $35.47.

iShares China Large-Cap ETF Price Performance

The stock’s 50-day moving average is $36.25 and its 200-day moving average is $37.72. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 10.78 and a beta of 0.30.

Institutional Trading of iShares China Large-Cap ETF

A number of hedge funds have recently bought and sold shares of the company. DV Trading LLC boosted its position in iShares China Large-Cap ETF by 35.6% during the first quarter. DV Trading LLC now owns 21,667 shares of the exchange traded fund’s stock worth $778,000 after acquiring an additional 5,694 shares during the last quarter. Parallel Advisors LLC boosted its position in iShares China Large-Cap ETF by 6.1% during the first quarter. Parallel Advisors LLC now owns 7,927 shares of the exchange traded fund’s stock worth $285,000 after acquiring an additional 453 shares during the last quarter. NewEdge Advisors LLC boosted its position in iShares China Large-Cap ETF by 9.8% during the first quarter. NewEdge Advisors LLC now owns 3,367 shares of the exchange traded fund’s stock worth $121,000 after acquiring an additional 300 shares during the last quarter. Bank of America Corp DE boosted its position in iShares China Large-Cap ETF by 12.1% during the first quarter. Bank of America Corp DE now owns 15,268,671 shares of the exchange traded fund’s stock worth $548,145,000 after acquiring an additional 1,646,722 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC boosted its position in iShares China Large-Cap ETF by 4.0% during the first quarter. Strait & Sound Wealth Management LLC now owns 37,151 shares of the exchange traded fund’s stock worth $1,334,000 after acquiring an additional 1,414 shares during the last quarter.

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