Turn8 Private Wealth Inc. Has $5.59 Million Stake in iShares China Large-Cap ETF $FXI

Turn8 Private Wealth Inc. lifted its stake in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) by 124.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,613 shares of the exchange traded fund’s stock after acquiring an additional 86,136 shares during the quarter. iShares China Large-Cap ETF comprises about 3.5% of Turn8 Private Wealth Inc.’s investment portfolio, making the stock its 8th biggest holding. Turn8 Private Wealth Inc. owned 0.09% of iShares China Large-Cap ETF worth $5,587,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Essex Financial Services Inc. boosted its stake in iShares China Large-Cap ETF by 65.1% during the 1st quarter. Essex Financial Services Inc. now owns 13,144 shares of the exchange traded fund’s stock valued at $472,000 after purchasing an additional 5,181 shares in the last quarter. Deltec Asset Management LLC bought a new stake in shares of iShares China Large-Cap ETF in the 1st quarter worth $287,000. Cane Capital Partners LLC bought a new stake in shares of iShares China Large-Cap ETF in the 1st quarter worth $239,000. Janney Montgomery Scott LLC lifted its holdings in shares of iShares China Large-Cap ETF by 277.5% in the first quarter. Janney Montgomery Scott LLC now owns 22,922 shares of the exchange traded fund’s stock valued at $823,000 after buying an additional 16,850 shares during the period. Finally, Athena Wealth Management LLC lifted its holdings in shares of iShares China Large-Cap ETF by 2.7% in the first quarter. Athena Wealth Management LLC now owns 29,047 shares of the exchange traded fund’s stock valued at $1,043,000 after buying an additional 767 shares during the period.

iShares China Large-Cap ETF Price Performance

Shares of FXI stock opened at $31.91 on Friday. The stock has a 50-day simple moving average of $35.07 and a 200 day simple moving average of $36.87. iShares China Large-Cap ETF has a fifty-two week low of $31.19 and a fifty-two week high of $42.00. The stock has a market capitalization of $4.55 billion, a P/E ratio of 10.78 and a beta of 0.32.

About iShares China Large-Cap ETF

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.