Spear Holdings RSC Ltd Takes $66.23 Million Position in iShares China Large-Cap ETF $FXI

Spear Holdings RSC Ltd bought a new stake in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,844,724 shares of the exchange traded fund’s stock, valued at approximately $66,226,000. iShares China Large-Cap ETF makes up approximately 6.6% of Spear Holdings RSC Ltd’s portfolio, making the stock its 9th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FXI. Bank of Nova Scotia lifted its stake in iShares China Large-Cap ETF by 199.1% in the first quarter. Bank of Nova Scotia now owns 758,291 shares of the exchange traded fund’s stock worth $27,224,000 after acquiring an additional 504,739 shares during the period. PBCay One RSC Ltd bought a new position in iShares China Large-Cap ETF in the 1st quarter worth $66,226,000. Group One Trading LLC raised its holdings in iShares China Large-Cap ETF by 13.2% in the 1st quarter. Group One Trading LLC now owns 371,956 shares of the exchange traded fund’s stock worth $13,353,000 after purchasing an additional 43,356 shares in the last quarter. Levin Capital Strategies L.P. purchased a new stake in shares of iShares China Large-Cap ETF in the 1st quarter worth about $291,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of iShares China Large-Cap ETF by 109.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,612 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,938 shares during the period.

iShares China Large-Cap ETF Trading Up 0.1%

Shares of FXI opened at $34.46 on Friday. iShares China Large-Cap ETF has a 1-year low of $31.19 and a 1-year high of $42.00. The firm’s 50-day moving average price is $34.19 and its 200-day moving average price is $36.40. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 10.78 and a beta of 0.32.

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