Suvretta Capital Management LLC Purchases Shares of 242,500 iShares China Large-Cap ETF (NYSEARCA:FXI)

Suvretta Capital Management LLC purchased a new position in iShares China Large-Cap ETF (NYSEARCA:FXI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 242,500 shares of the exchange traded fund’s stock, valued at approximately $7,707,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank boosted its holdings in iShares China Large-Cap ETF by 482.8% in the 1st quarter. Comerica Bank now owns 10,263 shares of the exchange traded fund’s stock worth $247,000 after buying an additional 8,502 shares during the period. M&R Capital Management Inc. bought a new position in shares of iShares China Large-Cap ETF in the third quarter worth about $32,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares China Large-Cap ETF during the second quarter worth about $39,000. Raymond James & Associates raised its stake in iShares China Large-Cap ETF by 59.0% during the 3rd quarter. Raymond James & Associates now owns 205,625 shares of the exchange traded fund’s stock valued at $6,535,000 after purchasing an additional 76,333 shares during the period. Finally, Signaturefd LLC lifted its holdings in iShares China Large-Cap ETF by 55.1% in the 2nd quarter. Signaturefd LLC now owns 18,000 shares of the exchange traded fund’s stock worth $468,000 after purchasing an additional 6,398 shares in the last quarter.

iShares China Large-Cap ETF Price Performance

FXI stock opened at $30.31 on Friday. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 8.31 and a beta of 0.99. iShares China Large-Cap ETF has a 1-year low of $20.86 and a 1-year high of $37.50. The business has a 50 day simple moving average of $31.55 and a two-hundred day simple moving average of $28.23.

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.