Allianz Asset Management GmbH has expanded its investment in the iShares China Large-Cap ETF (NYSEARCA: FXI) by 15.4% during the second quarter of 2023. This increase, documented in the firm’s latest filing with the Securities and Exchange Commission (SEC), brings Allianz’s total holdings to 493,500 shares, following the acquisition of an additional 65,700 shares over the quarter. As of the most recent filing, Allianz’s stake in the ETF is valued at approximately $18.14 million.
Several other hedge funds have also adjusted their positions in the iShares China Large-Cap ETF recently. Notably, Goldman Sachs Group Inc. significantly increased its holdings by 283.5% in the first quarter. The firm now owns 29,228,254 shares worth around $1.05 billion, after acquiring an impressive 21,607,602 shares during that period.
In addition, New Vernon Capital Holdings II LLC entered the market with a new position in the ETF valued at $284.9 million. Meanwhile, National Bank of Canada FI raised its holdings by 55.5%, now owning 5,285,334 shares valued at $189.43 million after adding 1,886,646 shares in the last quarter. Other notable investments include Spear Holdings RSC Ltd. and Nearwater Capital Markets Ltd., which both acquired new positions worth $188.98 million and $58.78 million, respectively.
As of Monday, shares of the iShares China Large-Cap ETF opened at $40.00. The ETF boasts a market capitalization of $6.82 billion, a price-to-earnings ratio of 10.78, and a beta of 0.44. Recent trading shows a fifty-day simple moving average of $39.76 and a 200-day simple moving average of $37.10. Over the past year, the ETF experienced a low of $28.41 and a high of $42.00.
The iShares China Large-Cap ETF aims to mirror the performance of the FTSE China 25 Index, encompassing a portfolio that spans several sectors, including financials, telecommunications, oil and gas, technology, and consumer goods.
For those interested in monitoring the latest movements in the iShares China Large-Cap ETF and other hedge fund activities, resources such as HoldingsChannel.com provide updates on 13F filings and insider trades. Additionally, MarketBeat.com offers a daily newsletter summarizing news and analysts’ ratings related to the ETF and similar investment opportunities.
