SPDR S&P China ETF (NYSEARCA:GXC – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 36,574 shares changed hands during trading, an increase of 67% from the previous session’s volume of 21,906 shares.The stock last traded at $100.34 and had previously closed at $100.95.
SPDR S&P China ETF Price Performance
The firm has a fifty day simple moving average of $99.75 and a 200-day simple moving average of $97.83. The firm has a market cap of $509.24 million, a P/E ratio of 12.97 and a beta of 0.28.
Institutional Trading of SPDR S&P China ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd raised its holdings in SPDR S&P China ETF by 136.1% during the second quarter. Qube Research & Technologies Ltd now owns 491 shares of the company’s stock worth $43,000 after buying an additional 283 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of SPDR S&P China ETF during the third quarter worth about $105,000. Raymond James Financial Inc. bought a new stake in shares of SPDR S&P China ETF during the second quarter worth about $122,000. Russell Investments Group Ltd. acquired a new position in SPDR S&P China ETF during the 3rd quarter valued at about $144,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in SPDR S&P China ETF during the 3rd quarter valued at about $149,000.
About SPDR S&P China ETF
SPDR S&P China ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P/Citigroup BMI China Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in China, but legally available to foreign investors. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.
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