Point72 Asset Management L.P. Sells 450,000 Shares of iShares China Large-Cap ETF (NYSEARCA:FXI)

Point72 Asset Management L.P. decreased its position in iShares China Large-Cap ETF (NYSEARCA:FXI) by 81.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 105,000 shares of the exchange traded fund’s stock after selling 450,000 shares during the quarter. Point72 Asset Management L.P.’s holdings in iShares China Large-Cap ETF were worth $3,196,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FXI. Concourse Financial Group Securities Inc. raised its stake in shares of iShares China Large-Cap ETF by 108.4% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 921 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 479 shares during the last quarter. HM Payson & Co. bought a new stake in iShares China Large-Cap ETF in the 4th quarter worth about $30,000. Millstone Evans Group LLC purchased a new position in iShares China Large-Cap ETF in the 4th quarter worth about $48,000. Headlands Technologies LLC purchased a new position in iShares China Large-Cap ETF in the 4th quarter worth about $53,000. Finally, Union Bancaire Privee UBP SA bought a new position in iShares China Large-Cap ETF during the 4th quarter valued at about $61,000.

iShares China Large-Cap ETF Stock Up 1.1%

Shares of NYSEARCA FXI opened at $36.26 on Wednesday. The firm’s 50-day moving average price is $34.57 and its 200-day moving average price is $32.88. iShares China Large-Cap ETF has a 52-week low of $24.59 and a 52-week high of $38.73. The company has a market cap of $6.15 billion, a PE ratio of 9.93 and a beta of 0.29.

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.