Sound Income Strategies LLC Makes New Investment in iShares China Large-Cap ETF (NYSEARCA:FXI)

Sound Income Strategies LLC purchased a new stake in iShares China Large-Cap ETF (NYSEARCA:FXI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 9,156 shares of the exchange traded fund’s stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd acquired a new position in iShares China Large-Cap ETF during the third quarter worth $279,664,000. Toronto Dominion Bank raised its stake in shares of iShares China Large-Cap ETF by 61,218.3% during the 3rd quarter. Toronto Dominion Bank now owns 2,943,278 shares of the exchange traded fund’s stock worth $93,537,000 after buying an additional 2,938,478 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of iShares China Large-Cap ETF by 39.1% in the 3rd quarter. SG Americas Securities LLC now owns 3,349,108 shares of the exchange traded fund’s stock worth $106,435,000 after buying an additional 941,613 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of iShares China Large-Cap ETF in the 3rd quarter worth about $19,730,000. Finally, Dupont Capital Management Corp acquired a new stake in iShares China Large-Cap ETF in the 4th quarter valued at about $12,641,000.

iShares China Large-Cap ETF Trading Up 2.5 %

Shares of FXI opened at $31.32 on Friday. iShares China Large-Cap ETF has a 12-month low of $21.33 and a 12-month high of $37.50. The stock has a market cap of $5.64 billion, a P/E ratio of 8.31 and a beta of 0.99. The company has a 50-day moving average of $30.42 and a two-hundred day moving average of $29.21.

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.