Rovida Investment Management Ltd purchased a new stake in iShares China Large-Cap ETF (NYSEARCA:FXI – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 125,000 shares of the exchange traded fund’s stock, valued at approximately $3,805,000. iShares China Large-Cap ETF makes up about 1.2% of Rovida Investment Management Ltd’s investment portfolio, making the stock its 16th biggest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Syntax Research Inc. bought a new position in shares of iShares China Large-Cap ETF in the fourth quarter worth about $1,119,000. LPL Financial LLC raised its position in iShares China Large-Cap ETF by 23.1% in the 4th quarter. LPL Financial LLC now owns 501,794 shares of the exchange traded fund’s stock worth $15,275,000 after purchasing an additional 94,257 shares during the last quarter. Optimum Investment Advisors acquired a new position in iShares China Large-Cap ETF during the 4th quarter worth $309,000. Fox Run Management L.L.C. bought a new position in iShares China Large-Cap ETF in the 4th quarter valued at $721,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of iShares China Large-Cap ETF in the 4th quarter valued at $48,000.
iShares China Large-Cap ETF Stock Up 0.3 %
Shares of FXI opened at $36.67 on Tuesday. The stock’s fifty day simple moving average is $34.18 and its 200-day simple moving average is $31.87. The firm has a market capitalization of $7.89 billion, a PE ratio of 10.75 and a beta of 0.33. iShares China Large-Cap ETF has a 12-month low of $23.58 and a 12-month high of $38.73.
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.
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