National Bank of Canada FI Sells 8,405,766 Shares of iShares China Large-Cap ETF (NYSEARCA:FXI)

National Bank of Canada FI cut its stake in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) by 72.7% in the fourth quarter, HoldingsChannel reports. The fund owned 3,160,397 shares of the exchange traded fund’s stock after selling 8,405,766 shares during the period. National Bank of Canada FI’s holdings in iShares China Large-Cap ETF were worth $73,448,000 as of its most recent filing with the Securities and Exchange Commission.

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

iShares China Large-Cap ETF Price Performance

Shares of NYSEARCA:FXI traded up $0.18 during trading on Friday, hitting $27.33. 55,429,870 shares of the company’s stock were exchanged, compared to its average volume of 45,569,520. The business’s 50-day simple moving average is $24.35 and its 200 day simple moving average is $24.13. iShares China Large-Cap ETF has a 52-week low of $20.86 and a 52-week high of $30.54. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 8.31 and a beta of 0.99.

iShares China Large-Cap ETF 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.