BlackDiamond Wealth Management LLC Makes New Investment in iShares China Large-Cap ETF (NYSEARCA:FXI)

BlackDiamond Wealth Management LLC purchased a new position in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,141 shares of the exchange traded fund’s stock, valued at approximately $217,000.

Several other hedge funds also recently bought and sold shares of FXI. HM Payson & Co. purchased a new position in iShares China Large-Cap ETF during the fourth quarter worth $30,000. Franklin Resources Inc. purchased a new position in iShares China Large-Cap ETF during the third quarter worth $31,000. Union Bancaire Privee UBP SA purchased a new position in iShares China Large-Cap ETF during the fourth quarter worth $61,000. Golden State Wealth Management LLC purchased a new position in iShares China Large-Cap ETF during the fourth quarter worth $71,000. Finally, Mirabaud & Cie SA purchased a new position in iShares China Large-Cap ETF during the fourth quarter worth $75,000.

iShares China Large-Cap ETF Stock Up 2.4 %

FXI stock opened at $38.55 on Tuesday. iShares China Large-Cap ETF has a 52-week low of $23.58 and a 52-week high of $38.89. The stock’s fifty day simple moving average is $33.35 and its 200-day simple moving average is $31.47. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 10.75 and a beta of 0.33.

iShares China Large-Cap ETF Company 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.