SPDR S&P China ETF (NYSEARCA:GXC) Trading 0.2% Higher – Time to Buy?

SPDR S&P China ETF (NYSEARCA:GXC) shares traded up 0.2% on Friday . The company traded as high as $74.68 and last traded at $74.63. 30,088 shares were traded during trading, a decline of 17% from the average session volume of 36,394 shares. The stock had previously closed at $74.45.

SPDR S&P China ETF Price Performance

The stock has a market capitalization of $496.29 million, a P/E ratio of 9.52 and a beta of 0.84. The company’s 50-day simple moving average is $78.15 and its 200-day simple moving average is $73.84.

Hedge Funds Weigh In On SPDR S&P China ETF

A number of institutional investors have recently bought and sold shares of the business. GSB Wealth Management LLC acquired a new position in shares of SPDR S&P China ETF in the third quarter valued at $75,000. Optimum Investment Advisors boosted its holdings in shares of SPDR S&P China ETF by 11.5% during the 3rd quarter. Optimum Investment Advisors now owns 1,799 shares of the company’s stock worth $148,000 after buying an additional 185 shares during the period. CoreCap Advisors LLC acquired a new position in SPDR S&P China ETF in the 2nd quarter valued at about $333,000. Mittelman Wealth Management grew its stake in SPDR S&P China ETF by 5.2% in the 2nd quarter. Mittelman Wealth Management now owns 7,754 shares of the company’s stock valued at $531,000 after buying 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 valued at $1,352,000 after acquiring 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.