Capital Investment Counsel Inc Lowers Position in iShares China Large-Cap ETF (NYSEARCA:FXI)

Capital Investment Counsel Inc lessened its stake in iShares China Large-Cap ETF (NYSEARCA:FXI) by 9.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,040 shares of the exchange traded fund’s stock after selling 2,635 shares during the quarter. Capital Investment Counsel Inc’s holdings in iShares China Large-Cap ETF were worth $602,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FXI. International Assets Investment Management LLC purchased a new stake in shares of iShares China Large-Cap ETF in the fourth quarter valued at $87,000. Spire Wealth Management grew its position in shares of iShares China Large-Cap ETF by 2,329.9% in the 3rd quarter. Spire Wealth Management now owns 4,884 shares of the exchange traded fund’s stock worth $130,000 after buying an additional 4,683 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new position in shares of iShares China Large-Cap ETF in the 3rd quarter worth approximately $147,000. SageView Advisory Group LLC purchased a new position in shares of iShares China Large-Cap ETF in the 3rd quarter worth approximately $232,000. Finally, Brookstone Capital Management acquired a new stake in iShares China Large-Cap ETF in the 4th quarter worth approximately $216,000.

iShares China Large-Cap ETF Stock Performance

FXI stock traded up $0.03 during trading on Monday, reaching $25.90. The company had a trading volume of 7,259,220 shares, compared to its average volume of 44,338,516. The firm has a 50-day simple moving average of $24.06 and a 200-day simple moving average of $24.15. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 7.74 and a beta of 1.01. iShares China Large-Cap ETF has a twelve month low of $20.86 and a twelve month high of $30.54.

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.