Trek Financial LLC Makes New Investment in iShares China Large-Cap ETF $FXI

Trek Financial LLC bought a new stake in iShares China Large-Cap ETF (NYSEARCA:FXI) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 215,913 shares of the exchange traded fund’s stock, valued at approximately $8,883,000.

Other hedge funds have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new position in shares of iShares China Large-Cap ETF during the third quarter valued at about $4,479,000. IronBridge Private Wealth LLC bought a new stake in iShares China Large-Cap ETF in the 3rd quarter worth $3,175,000. Spear Holdings RSC Ltd increased its holdings in iShares China Large-Cap ETF by 25.7% during the 3rd quarter. Spear Holdings RSC Ltd now owns 6,461,482 shares of the exchange traded fund’s stock valued at $265,825,000 after purchasing an additional 1,320,667 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in iShares China Large-Cap ETF by 50.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,500 shares of the exchange traded fund’s stock worth $307,000 after buying an additional 2,500 shares during the period. Finally, HHM Wealth Advisors LLC increased its position in iShares China Large-Cap ETF by 80.0% during the 3rd quarter. HHM Wealth Advisors LLC now owns 2,700 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 1,200 shares during the period.

iShares China Large-Cap ETF Stock Performance

Shares of NYSEARCA FXI traded down $0.04 during midday trading on Friday, hitting $39.44. 25,418,818 shares of the company traded hands, compared to its average volume of 36,511,957. iShares China Large-Cap ETF has a 12-month low of $29.20 and a 12-month high of $42.00. The firm has a market cap of $6.58 billion, a P/E ratio of 10.78 and a beta of 0.28. The stock has a 50-day moving average price of $39.17 and a 200 day moving average price of $39.28.

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.