Cibc World Market Inc. Cuts Stake in iShares China Large-Cap ETF $FXI

Cibc World Market Inc. cut its stake in iShares China Large-Cap ETF (NYSEARCA:FXI) by 36.9% during the 4th quarter, HoldingsChannel reports. The firm owned 280,801 shares of the exchange traded fund’s stock after selling 164,334 shares during the quarter. Cibc World Market Inc.’s holdings in iShares China Large-Cap ETF were worth $10,752,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Clearstead Advisors LLC purchased a new position in iShares China Large-Cap ETF in the 4th quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in iShares China Large-Cap ETF in the 4th quarter worth approximately $32,000. Banque Cantonale Vaudoise purchased a new position in iShares China Large-Cap ETF in the 3rd quarter worth approximately $44,000. Allworth Financial LP boosted its holdings in iShares China Large-Cap ETF by 41.3% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 386 shares during the period. Finally, American Wealth Advisors LLC purchased a new position in iShares China Large-Cap ETF in the 3rd quarter worth approximately $67,000.

iShares China Large-Cap ETF Stock Down 2.0%

NYSEARCA FXI opened at $34.75 on Friday. The stock has a market cap of $5.74 billion, a PE ratio of 10.78 and a beta of 0.30. iShares China Large-Cap ETF has a fifty-two week low of $34.60 and a fifty-two week high of $42.00. The business has a 50 day moving average price of $36.25 and a two-hundred day moving average price of $37.72.

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.