Investors Buy Shares of iShares FTSE/Xinhua China 25 Index (FXI) on Weakness

Investors bought shares of iShares FTSE/Xinhua China 25 Index (NYSEARCA:FXI) on weakness during trading hours on Wednesday. $121.99 million flowed into the stock on the tick-up and $80.28 million flowed out of the stock on the tick-down, for a money net flow of $41.71 million into the stock. Of all equities tracked, iShares FTSE/Xinhua China 25 Index had the 27th highest net in-flow for the day. iShares FTSE/Xinhua China 25 Index traded down ($0.87) for the day and closed at $42.16

The company also recently declared a semiannual dividend, which was paid on Monday, June 25th. Investors of record on Wednesday, June 20th were issued a dividend of $0.6049 per share. The ex-dividend date of this dividend was Tuesday, June 19th. This represents a yield of 1.9%.

A number of hedge funds and other institutional investors have recently bought and sold shares of FXI. Synovus Financial Corp purchased a new position in iShares FTSE/Xinhua China 25 Index during the first quarter worth about $111,000. Contravisory Investment Management Inc. acquired a new position in iShares FTSE/Xinhua China 25 Index during the second quarter worth about $114,000. Signaturefd LLC acquired a new position in iShares FTSE/Xinhua China 25 Index during the first quarter worth about $118,000. Hanson & Doremus Investment Management grew its position in iShares FTSE/Xinhua China 25 Index by 85.5% during the first quarter. Hanson & Doremus Investment Management now owns 2,603 shares of the exchange traded fund’s stock worth $123,000 after buying an additional 1,200 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in iShares FTSE/Xinhua China 25 Index during the first quarter worth about $202,000.

About iShares FTSE/Xinhua China 25 Index

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.

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