SPDR S&P China ETF (NYSEARCA:GXC) Stock Price Up 0.8% – Here’s Why

SPDR S&P China ETF (NYSEARCA:GXC) traded up 0.8% during trading on Monday . The company traded as high as $97.56 and last traded at $97.10. 23,404 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 24,656 shares. The stock had previously closed at $96.31.

SPDR S&P China ETF Price Performance

The stock has a market cap of $479.09 million, a price-to-earnings ratio of 12.97 and a beta of 0.28. The firm has a 50 day simple moving average of $100.10 and a two-hundred day simple moving average of $100.67.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GXC. Jones Financial Companies Lllp raised its holdings in SPDR S&P China ETF by 4,448.1% in the first quarter. Jones Financial Companies Lllp now owns 3,593 shares of the company’s stock worth $309,000 after purchasing an additional 3,514 shares during the period. Envestnet Asset Management Inc. raised its stake in SPDR S&P China ETF by 26.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,664 shares of the company’s stock worth $321,000 after buying an additional 765 shares during the period. JPMorgan Chase & Co. lifted its holdings in SPDR S&P China ETF by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 4,545 shares of the company’s stock worth $398,000 after acquiring an additional 573 shares in the last quarter. CreativeOne Wealth LLC bought a new position in SPDR S&P China ETF during the second quarter worth about $214,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in SPDR S&P China ETF in the second quarter valued at about $769,000.

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.