SPDR S&P China ETF (NYSEARCA:GXC) Stock Price Up 1.2% – Here’s What Happened

SPDR S&P China ETF (NYSEARCA:GXC)’s stock price rose 1.2% on Friday . The stock traded as high as $92.88 and last traded at $92.61. 16,324 shares changed hands during trading, a decline of 42% from the average session volume of 28,289 shares. The stock had previously closed at $91.54.

SPDR S&P China ETF Stock Performance

The business’s fifty day moving average is $89.63 and its 200-day moving average is $94.38. The firm has a market cap of $481.57 million, a P/E ratio of 12.97 and a beta of 0.36.

Hedge Funds Weigh In On SPDR S&P China ETF

Large investors have recently modified their holdings of the business. Assetmark Inc. boosted its holdings in SPDR S&P China ETF by 5,486,725.0% in the fourth quarter. Assetmark Inc. now owns 219,473 shares of the company’s stock valued at $21,247,000 after acquiring an additional 219,469 shares during the last quarter. swisspartners Advisors Ltd raised its holdings in SPDR S&P China ETF by 3.8% during the 4th quarter. swisspartners Advisors Ltd now owns 147,290 shares of the company’s stock worth $14,267,000 after purchasing an additional 5,455 shares during the last quarter. NewEdge Wealth LLC bought a new position in SPDR S&P China ETF during the 4th quarter worth approximately $1,573,000. Bleakley Financial Group LLC acquired a new position in shares of SPDR S&P China ETF in the 1st quarter worth approximately $1,509,000. Finally, Wealthfront Advisers LLC lifted its position in shares of SPDR S&P China ETF by 72.9% in the 4th quarter. Wealthfront Advisers LLC now owns 13,594 shares of the company’s stock worth $1,316,000 after purchasing an additional 5,731 shares during the period.

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.