SPDR S&P China ETF (NYSEARCA:GXC) Trading Down 3.8% – Should You Sell?

Shares of SPDR S&P China ETF (NYSEARCA:GXC) dropped 3.8% during mid-day trading on Wednesday . The stock traded as low as $81.83 and last traded at $82.88. Approximately 26,711 shares changed hands during trading, a decline of 73% from the average daily volume of 99,931 shares. The stock had previously closed at $86.11.

SPDR S&P China ETF Stock Down 2.9 %

The business has a 50-day simple moving average of $70.68 and a two-hundred day simple moving average of $70.10. The stock has a market capitalization of $555.87 million, a price-to-earnings ratio of 9.52 and a beta of 0.84.

Institutional Investors Weigh In On SPDR S&P China ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of SPDR S&P China ETF during the first quarter valued at $562,000. Mittelman Wealth Management grew its position in SPDR S&P China ETF by 5.2% in the second quarter. Mittelman Wealth Management now owns 7,754 shares of the company’s stock worth $531,000 after acquiring an additional 382 shares in the last quarter. Syon Capital LLC bought a new stake in SPDR S&P China ETF in the fourth quarter worth approximately $13,227,000. Jane Street Group LLC increased its stake in shares of SPDR S&P China ETF by 327.5% during the 1st quarter. Jane Street Group LLC now owns 190,015 shares of the company’s stock worth $12,499,000 after purchasing an additional 145,562 shares during the last quarter. Finally, Optimum Investment Advisors raised its holdings in shares of SPDR S&P China ETF by 20.9% during the 1st quarter. Optimum Investment Advisors now owns 1,542 shares of the company’s stock valued at $101,000 after purchasing an additional 267 shares in the last quarter.

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.