SPDR S&P China ETF (NYSEARCA:GXC) Shares Gap Up – Here’s What Happened

SPDR S&P China ETF (NYSEARCA:GXC)’s stock price gapped up prior to trading 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 trading hands.

SPDR S&P China ETF Price Performance

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

Institutional Trading of SPDR S&P China ETF

Large investors have recently added to or reduced their stakes in the company. swisspartners Advisors Ltd raised its position in SPDR S&P China ETF by 14.4% in the 1st quarter. swisspartners Advisors Ltd now owns 88,097 shares of the company’s stock valued at $5,795,000 after purchasing an additional 11,105 shares during the last quarter. Mittelman Wealth Management bought a new position in shares of SPDR S&P China ETF in the first quarter valued at about $485,000. OLD Mission Capital LLC acquired a new position in SPDR S&P China ETF during the 1st quarter worth about $19,916,000. Flow Traders U.S. LLC bought a new stake in SPDR S&P China ETF during the 1st quarter worth about $2,858,000. Finally, Jane Street Group LLC increased its position in SPDR S&P China ETF by 327.5% in the 1st quarter. Jane Street Group LLC now owns 190,015 shares of the company’s stock valued at $12,499,000 after acquiring an additional 145,562 shares in the last quarter.

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.