Hollencrest Capital Management Takes Position in iShares China Large-Cap ETF (NYSEARCA:FXI)

Hollencrest Capital Management bought a new stake in iShares China Large-Cap ETF (NYSEARCA:FXI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 22,500 shares of the exchange traded fund’s stock, valued at approximately $715,000.

Other hedge funds have also added to or reduced their stakes in the company. M&R Capital Management Inc. acquired a new position in iShares China Large-Cap ETF during the 3rd quarter valued at about $32,000. ORG Partners LLC acquired a new position in iShares China Large-Cap ETF during the 3rd quarter valued at about $32,000. Asset Dedication LLC acquired a new position in iShares China Large-Cap ETF during the 2nd quarter valued at about $39,000. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares China Large-Cap ETF during the 2nd quarter worth approximately $39,000. Finally, Centennial Bank AR bought a new position in shares of iShares China Large-Cap ETF during the 3rd quarter worth approximately $48,000.

iShares China Large-Cap ETF Stock Performance

Shares of iShares China Large-Cap ETF stock traded down $1.89 during mid-day trading on Friday, hitting $31.53. 40,264,754 shares of the stock were exchanged, compared to its average volume of 46,897,480. iShares China Large-Cap ETF has a 12 month low of $20.86 and a 12 month high of $37.50. The company has a 50-day simple moving average of $30.31 and a 200 day simple moving average of $27.82. The company has a market capitalization of $5.68 billion, a P/E ratio of 8.31 and a beta of 0.99.

iShares China Large-Cap ETF 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.