Shares of SPDR S&P China ETF (NYSEARCA:GXC – Get Free Report) traded up 1.3% on Tuesday . The company traded as high as $89.13 and last traded at $88.73. Approximately 9,309 shares were traded during trading, a decline of 67% from the average session volume of 27,958 shares. The stock had previously closed at $87.56.
SPDR S&P China ETF Stock Up 1.3%
The firm has a 50-day moving average of $91.52 and a two-hundred day moving average of $95.63. The stock has a market capitalization of $448.09 million, a price-to-earnings ratio of 12.97 and a beta of 0.35.
Hedge Funds Weigh In On SPDR S&P China ETF
A number of large investors have recently made changes to their positions in GXC. Assetmark Inc. boosted its holdings in shares of SPDR S&P China ETF by 5,486,725.0% during the fourth quarter. Assetmark Inc. now owns 219,473 shares of the company’s stock worth $21,247,000 after purchasing an additional 219,469 shares during the period. State Street Corp increased its stake in SPDR S&P China ETF by 74.9% in the 4th quarter. State Street Corp now owns 208,569 shares of the company’s stock valued at $20,192,000 after buying an additional 89,316 shares during the period. Focus Partners Wealth acquired a new position in SPDR S&P China ETF in the 4th quarter valued at approximately $4,330,000. Jane Street Group LLC purchased a new stake in SPDR S&P China ETF in the 2nd quarter worth approximately $3,111,000. Finally, Flow Traders U.S. LLC lifted its position in SPDR S&P China ETF by 118.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 33,903 shares of the company’s stock worth $3,559,000 after buying an additional 18,372 shares in the last quarter.
SPDR S&P China ETF Company Profile
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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