iShares China Large-Cap ETF (NYSEARCA:FXI) Shares Gap Up – Here’s Why

iShares China Large-Cap ETF (NYSEARCA:FXI) shares gapped up before the market opened on Monday . The stock had previously closed at $30.77, but opened at $32.93. iShares China Large-Cap ETF shares last traded at $33.12, with a volume of 16,613,142 shares traded.

iShares China Large-Cap ETF Stock Up 9.2 %

The firm has a 50 day moving average price of $31.69 and a 200 day moving average price of $28.32. The stock has a market cap of $6.05 billion, a PE ratio of 8.31 and a beta of 0.99.

Hedge Funds Weigh In On iShares China Large-Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FXI. Eagle Bay Advisors LLC boosted its position in iShares China Large-Cap ETF by 19.0% during the second quarter. Eagle Bay Advisors LLC now owns 3,343 shares of the exchange traded fund’s stock valued at $87,000 after purchasing an additional 533 shares in the last quarter. Capital Investment Counsel Inc lifted its position in shares of iShares China Large-Cap ETF by 2.3% during the second quarter. Capital Investment Counsel Inc now owns 25,042 shares of the exchange traded fund’s stock valued at $651,000 after buying an additional 552 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares China Large-Cap ETF by 6.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,869 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 597 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of iShares China Large-Cap ETF in the 3rd quarter worth approximately $31,000. Finally, M&R Capital Management Inc. bought a new position in shares of iShares China Large-Cap ETF during the 3rd quarter worth approximately $32,000.

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.