Ping Capital Management Inc. Purchases 62,500 Shares of iShares China Large-Cap ETF (NYSEARCA:FXI)

Ping Capital Management Inc. increased its holdings in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) by 61.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 164,000 shares of the exchange traded fund’s stock after acquiring an additional 62,500 shares during the quarter. iShares China Large-Cap ETF comprises about 1.2% of Ping Capital Management Inc.’s holdings, making the stock its 10th largest position. Ping Capital Management Inc.’s holdings in iShares China Large-Cap ETF were worth $4,992,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. bought a new position in shares of iShares China Large-Cap ETF during the third quarter worth about $31,000. ORG Partners LLC bought a new stake in shares of iShares China Large-Cap ETF in the 3rd quarter valued at $32,000. Centennial Bank AR acquired a new stake in shares of iShares China Large-Cap ETF during the third quarter worth $48,000. Farther Finance Advisors LLC grew its holdings in iShares China Large-Cap ETF by 875.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,872 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 1,680 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of iShares China Large-Cap ETF in the 4th quarter valued at about $61,000.

iShares China Large-Cap ETF Stock Up 2.4 %

NYSEARCA:FXI opened at $32.47 on Wednesday. iShares China Large-Cap ETF has a twelve month low of $21.54 and a twelve month high of $37.50. The firm has a market capitalization of $5.85 billion, a P/E ratio of 8.31 and a beta of 0.99. The company has a fifty day moving average of $30.68 and a 200-day moving average of $29.52.

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.