SPDR S&P China ETF (NYSEARCA:GXC) Shares Gap Up – Should You Buy?

SPDR S&P China ETF (NYSEARCA:GXCGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $77.69, but opened at $81.89. SPDR S&P China ETF shares last traded at $81.00, with a volume of 77,039 shares.

SPDR S&P China ETF Stock Up 4.2 %

The firm has a market capitalization of $538.58 million, a price-to-earnings ratio of 9.52 and a beta of 0.84. The firm’s 50 day moving average is $73.05 and its 200 day moving average is $70.92.

Institutional Trading of SPDR S&P China ETF

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of SPDR S&P China ETF in the 1st quarter valued at approximately $562,000. Mittelman Wealth Management raised its holdings in SPDR S&P China ETF by 5.2% during the second quarter. Mittelman Wealth Management now owns 7,754 shares of the company’s stock valued at $531,000 after buying an additional 382 shares in the last quarter. Jane Street Group LLC lifted its position in shares of SPDR S&P China ETF by 327.5% in the first quarter. Jane Street Group LLC now owns 190,015 shares of the company’s stock worth $12,499,000 after buying an additional 145,562 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in shares of SPDR S&P China ETF in the second quarter worth about $333,000. Finally, swisspartners Advisors Ltd boosted its stake in shares of SPDR S&P China ETF by 14.4% during the 1st quarter. swisspartners Advisors Ltd now owns 88,097 shares of the company’s stock worth $5,795,000 after acquiring an additional 11,105 shares in the last quarter.

About SPDR S&P China ETF

(Get Free Report)

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.

Further Reading

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