SPDR S&P China ETF (NYSEARCA:GXC) Sees Unusually-High Trading Volume – Here’s Why

Shares of SPDR S&P China ETF (NYSEARCA:GXC) saw an uptick in trading volume on Monday . 44,343 shares traded hands during mid-day trading, an increase of 117% from the previous session’s volume of 20,394 shares.The stock last traded at $101.0460 and had previously closed at $100.92.

SPDR S&P China ETF Stock Up 0.5%

The stock has a market cap of $509.09 million, a P/E ratio of 12.97 and a beta of 0.28. The stock has a fifty day simple moving average of $100.60 and a 200-day simple moving average of $100.61.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Zacks Investment Management increased its stake in SPDR S&P China ETF by 12.9% in the fourth quarter. Zacks Investment Management now owns 44,168 shares of the company’s stock valued at $4,276,000 after purchasing an additional 5,036 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of SPDR S&P China ETF by 13.5% in the 4th quarter. Cetera Investment Advisers now owns 5,433 shares of the company’s stock valued at $526,000 after buying an additional 647 shares during the period. Focus Partners Wealth bought a new stake in shares of SPDR S&P China ETF in the 4th quarter valued at $4,330,000. CreativeOne Wealth LLC raised its stake in SPDR S&P China ETF by 20.6% during the 4th quarter. CreativeOne Wealth LLC now owns 2,617 shares of the company’s stock worth $253,000 after buying an additional 447 shares during the period. Finally, Stifel Financial Corp raised its stake in SPDR S&P China ETF by 2.5% during the 4th quarter. Stifel Financial Corp now owns 4,985 shares of the company’s stock worth $483,000 after buying an additional 121 shares during the period.

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.