NewEdge Wealth LLC Invests $741,000 in iShares China Large-Cap ETF $FXI

NewEdge Wealth LLC bought a new stake in iShares China Large-Cap ETF (NYSEARCA:FXI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,641 shares of the exchange traded fund’s stock, valued at approximately $741,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FXI. Total Investment Management Inc. bought a new stake in iShares China Large-Cap ETF during the second quarter worth $25,000. Traub Capital Management LLC bought a new position in iShares China Large-Cap ETF in the 2nd quarter valued at $28,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of iShares China Large-Cap ETF during the 2nd quarter valued at $31,000. Allworth Financial LP raised its stake in shares of iShares China Large-Cap ETF by 1,066.7% during the 2nd quarter. Allworth Financial LP now owns 875 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 800 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of iShares China Large-Cap ETF by 31.3% during the 3rd quarter. Bessemer Group Inc. now owns 2,104 shares of the exchange traded fund’s stock worth $86,000 after purchasing an additional 501 shares during the period.

iShares China Large-Cap ETF Stock Performance

FXI opened at $38.68 on Tuesday. iShares China Large-Cap ETF has a fifty-two week low of $29.20 and a fifty-two week high of $42.00. The firm has a 50-day moving average of $39.10 and a 200 day moving average of $39.52. The firm has a market cap of $6.45 billion, a P/E ratio of 10.78 and a beta of 0.28.

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.