iShares China Large-Cap ETF (NYSEARCA:FXI) Hits New 12-Month High – Time to Buy?

Shares of iShares China Large-Cap ETF (NYSEARCA:FXI) reached a new 52-week high on Friday . The company traded as high as $37.63 and last traded at $37.61, with a volume of 4958449 shares. The stock had previously closed at $36.59.

iShares China Large-Cap ETF Trading Up 3.0 %

The firm has a 50 day moving average price of $33.04 and a 200-day moving average price of $31.24. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 10.47 and a beta of 0.31.

Institutional Investors Weigh In On iShares China Large-Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rafferty Asset Management LLC grew its stake in shares of iShares China Large-Cap ETF by 60.6% during the fourth quarter. Rafferty Asset Management LLC now owns 27,495,080 shares of the exchange traded fund’s stock worth $836,950,000 after purchasing an additional 10,378,106 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in iShares China Large-Cap ETF during the third quarter worth approximately $279,664,000. Bank of Nova Scotia increased its stake in shares of iShares China Large-Cap ETF by 4,286.8% in the 4th quarter. Bank of Nova Scotia now owns 6,290,029 shares of the exchange traded fund’s stock valued at $191,473,000 after purchasing an additional 6,146,643 shares during the last quarter. National Bank of Canada FI grew its position in iShares China Large-Cap ETF by 1,731.6% during the 4th quarter. National Bank of Canada FI now owns 3,398,688 shares of the exchange traded fund’s stock worth $103,456,000 after acquiring an additional 3,213,132 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in iShares China Large-Cap ETF by 61,218.3% during the 3rd quarter. Toronto Dominion Bank now owns 2,943,278 shares of the exchange traded fund’s stock worth $93,537,000 after buying an additional 2,938,478 shares during the period.

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.