SPDR S&P China ETF (NYSEARCA:GXC) Trading Up 0.2% – What’s Next?

SPDR S&P China ETF (NYSEARCA:GXC)’s stock price was up 0.2% during mid-day trading on Friday . The company traded as high as $74.68 and last traded at $74.63. Approximately 30,088 shares changed hands during trading, a decline of 17% from the average daily volume of 36,394 shares. The stock had previously closed at $74.45.

SPDR S&P China ETF Price Performance

The firm has a 50-day moving average of $78.15 and a 200 day moving average of $73.86. The company has a market capitalization of $496.29 million, a PE ratio of 9.52 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GXC. GSB Wealth Management LLC bought a new stake in shares of SPDR S&P China ETF during the 3rd quarter valued at about $75,000. Optimum Investment Advisors increased its holdings in SPDR S&P China ETF by 11.5% during the third quarter. Optimum Investment Advisors now owns 1,799 shares of the company’s stock valued at $148,000 after buying an additional 185 shares during the last quarter. CoreCap Advisors LLC bought a new position in SPDR S&P China ETF in the second quarter worth approximately $333,000. Mittelman Wealth Management boosted its stake in shares of SPDR S&P China ETF by 5.2% during the 2nd quarter. Mittelman Wealth Management now owns 7,754 shares of the company’s stock worth $531,000 after acquiring an additional 382 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in SPDR S&P China ETF by 1.5% in the 3rd quarter. Summit Trail Advisors LLC now owns 16,466 shares of the company’s stock worth $1,352,000 after purchasing an additional 240 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.