SPDR S&P China ETF (NYSEARCA:GXC – Get Free Report)’s share price dropped 2.4% during mid-day trading on Tuesday . The company traded as low as $87.70 and last traded at $87.70. 26,451 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 28,915 shares. The stock had previously closed at $89.85.
SPDR S&P China ETF Trading Down 2.4%
The firm’s fifty day moving average price is $94.19 and its 200 day moving average price is $96.85. The stock has a market capitalization of $442.88 million, a price-to-earnings ratio of 12.97 and a beta of 0.34.
Institutional Trading of SPDR S&P China ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd boosted its position in shares of 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of SPDR S&P China ETF in the 4th quarter valued at $84,000. Harbour Investments Inc. purchased a new stake in shares of SPDR S&P China ETF in the 4th quarter valued at $99,000. IAG Wealth Partners LLC raised its holdings in shares of SPDR S&P China ETF by 117.6% in the 4th quarter. IAG Wealth Partners LLC now owns 1,064 shares of the company’s stock valued at $103,000 after buying an additional 575 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in SPDR S&P China ETF during the 2nd quarter worth about $122,000.
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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