Powell Investment Advisors LLC Buys Shares of 6,375 iShares China Large-Cap ETF (NYSEARCA:FXI)

Powell Investment Advisors LLC purchased a new position in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) during the fourth quarter, HoldingsChannel reports. The fund purchased 6,375 shares of the exchange traded fund’s stock, valued at approximately $194,000.

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

iShares China Large-Cap ETF Stock Performance

Shares of FXI opened at $32.73 on Monday. The firm has a market cap of $5.90 billion, a P/E ratio of 8.31 and a beta of 0.99. iShares China Large-Cap ETF has a twelve month low of $21.92 and a twelve month high of $37.50. The firm’s 50 day moving average price is $30.80 and its two-hundred day moving average price is $29.65.

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.