Ashford Capital Management Inc. Grows Stock Holdings in iShares China Large-Cap ETF $FXI

Ashford Capital Management Inc. boosted its stake in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) by 12.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 156,078 shares of the exchange traded fund’s stock after purchasing an additional 17,261 shares during the quarter. Ashford Capital Management Inc.’s holdings in iShares China Large-Cap ETF were worth $5,603,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its position in shares of iShares China Large-Cap ETF by 45.7% during the 1st quarter. Quantinno Capital Management LP now owns 8,906 shares of the exchange traded fund’s stock valued at $320,000 after acquiring an additional 2,795 shares during the period. Cypress Capital Group grew its holdings in shares of iShares China Large-Cap ETF by 7.5% in the 1st quarter. Cypress Capital Group now owns 71,560 shares of the exchange traded fund’s stock worth $2,569,000 after acquiring an additional 5,010 shares during the period. Boreal Capital Management LLC grew its holdings in shares of iShares China Large-Cap ETF by 33.3% in the 1st quarter. Boreal Capital Management LLC now owns 2,600 shares of the exchange traded fund’s stock worth $93,000 after acquiring an additional 650 shares during the period. Spear Holdings RSC Ltd purchased a new position in iShares China Large-Cap ETF in the 1st quarter valued at approximately $66,226,000. Finally, Bank of Nova Scotia increased its stake in iShares China Large-Cap ETF by 199.1% in the 1st quarter. Bank of Nova Scotia now owns 758,291 shares of the exchange traded fund’s stock valued at $27,224,000 after purchasing an additional 504,739 shares in the last quarter.

iShares China Large-Cap ETF Stock Performance

Shares of FXI stock opened at $35.28 on Tuesday. The stock has a fifty day moving average price of $34.14 and a 200 day moving average price of $36.33. The stock has a market cap of $4.25 billion, a PE ratio of 10.78 and a beta of 0.32. iShares China Large-Cap ETF has a 1 year low of $31.19 and a 1 year high of $42.00.

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. The underlying Index is designed to represent the performance of the companies in the Chinese equity market, which are available to the international investors.