Appaloosa LP Buys 802,128 Shares of iShares China Large-Cap ETF (NYSEARCA:FXI)

Appaloosa LP increased its stake in shares of iShares China Large-Cap ETF (NYSEARCA:FXI) by 13.7% during the fourth quarter, HoldingsChannel reports. The fund owned 6,637,128 shares of the exchange traded fund’s stock after buying an additional 802,128 shares during the period. iShares China Large-Cap ETF comprises about 3.1% of Appaloosa LP’s investment portfolio, making the stock its 10th largest position. Appaloosa LP’s holdings in iShares China Large-Cap ETF were worth $202,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bourgeon Capital Management LLC increased its stake in iShares China Large-Cap ETF by 4.2% in the 4th quarter. Bourgeon Capital Management LLC now owns 17,761 shares of the exchange traded fund’s stock valued at $541,000 after buying an additional 715 shares during the last quarter. Franklin Resources Inc. acquired a new stake in iShares China Large-Cap ETF in the 3rd quarter valued at $31,000. HM Payson & Co. acquired a new stake in iShares China Large-Cap ETF in the 4th quarter valued at $30,000. Prospect Financial Services LLC increased its stake in iShares China Large-Cap ETF by 20.6% in the 4th quarter. Prospect Financial Services LLC now owns 8,060 shares of the exchange traded fund’s stock valued at $245,000 after buying an additional 1,374 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of iShares China Large-Cap ETF by 6.9% during the 3rd quarter. Cerity Partners LLC now owns 21,814 shares of the exchange traded fund’s stock worth $693,000 after purchasing an additional 1,400 shares during the last quarter.

iShares China Large-Cap ETF Price Performance

iShares China Large-Cap ETF stock opened at $36.35 on Thursday. The firm has a market capitalization of $8.03 billion, a PE ratio of 10.47 and a beta of 0.31. The company’s 50-day moving average is $32.79 and its 200-day moving average is $31.16. iShares China Large-Cap ETF has a fifty-two week low of $23.58 and a fifty-two week high of $37.50.

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.