Belvedere Trading LLC Invests $3.73 Million in iShares China Large-Cap ETF $FXI

Belvedere Trading LLC bought a new position in iShares China Large-Cap ETF (NYSEARCA:FXI) in the fourth quarter, HoldingsChannel.com reports. The fund bought 97,413 shares of the exchange traded fund’s stock, valued at approximately $3,730,000. iShares China Large-Cap ETF makes up approximately 0.0% of Belvedere Trading LLC’s holdings, making the stock its 22nd biggest holding.

A number of other hedge funds have also modified their holdings of FXI. JPMorgan Chase & Co. grew its position in iShares China Large-Cap ETF by 276.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,266,142 shares of the exchange traded fund’s stock worth $175,509,000 after acquiring an additional 3,131,897 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in iShares China Large-Cap ETF by 48.7% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,430,000 shares of the exchange traded fund’s stock worth $182,250,000 after acquiring an additional 1,450,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares China Large-Cap ETF by 5,232.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 591,483 shares of the exchange traded fund’s stock worth $22,648,000 after acquiring an additional 580,390 shares during the last quarter. SG Americas Securities LLC grew its position in iShares China Large-Cap ETF by 110.7% during the 4th quarter. SG Americas Securities LLC now owns 1,015,746 shares of the exchange traded fund’s stock worth $38,893,000 after acquiring an additional 533,705 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its position in iShares China Large-Cap ETF by 78.5% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 993,861 shares of the exchange traded fund’s stock worth $40,887,000 after acquiring an additional 437,190 shares during the last quarter.

iShares China Large-Cap ETF Price Performance

NYSEARCA FXI opened at $35.05 on Friday. The firm has a market cap of $5.79 billion, a PE ratio of 10.78 and a beta of 0.32. iShares China Large-Cap ETF has a one year low of $34.63 and a one year high of $42.00. The stock’s 50 day simple moving average is $36.26 and its 200 day simple moving average is $37.90.

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. The underlying Index is designed to represent the performance of the companies in the Chinese equity market, which are available to the international investors.