Kraft Davis & Associates LLC Purchases New Stake in iShares China Large-Cap ETF $FXI

Kraft Davis & Associates LLC acquired 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 firm acquired 27,394 shares of the exchange traded fund’s stock, valued at approximately $1,135,000.

Other large investors also recently added to or reduced their stakes in the company. Total Investment Management Inc. bought a new position in shares of iShares China Large-Cap ETF in the 2nd quarter valued at about $25,000. Traub Capital Management LLC acquired a new position in iShares China Large-Cap ETF in the second quarter valued at approximately $28,000. Elevation Point Wealth Partners LLC bought a new position in iShares China Large-Cap ETF in the second quarter valued at approximately $31,000. Allworth Financial LP boosted its stake in iShares China Large-Cap ETF by 1,066.7% in the second quarter. Allworth Financial LP now owns 875 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 800 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in 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 acquiring an additional 501 shares during the period.

iShares China Large-Cap ETF Stock Performance

Shares of iShares China Large-Cap ETF stock opened at $39.22 on Friday. The firm has a fifty day moving average of $39.19 and a two-hundred day moving average of $39.44. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 10.78 and a beta of 0.28. iShares China Large-Cap ETF has a 52 week low of $29.20 and a 52 week high of $42.00.

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.