SPDR S&P China ETF (NYSEARCA:GXC) Sees Unusually-High Trading Volume

SPDR S&P China ETF (NYSEARCA:GXC) shares saw unusually-high trading volume on Friday . Approximately 66,824 shares changed hands during trading, a decline of 31% from the previous session’s volume of 96,638 shares.The stock last traded at $81.48 and had previously closed at $79.57.

SPDR S&P China ETF Stock Up 1.4 %

The firm has a 50 day moving average of $67.40 and a two-hundred day moving average of $68.89. The firm has a market capitalization of $536.72 million, a price-to-earnings ratio of 9.52 and a beta of 0.84.

Hedge Funds Weigh In On SPDR S&P China ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Mittelman Wealth Management grew its position in SPDR S&P China ETF by 5.2% during the 2nd quarter. Mittelman Wealth Management now owns 7,754 shares of the company’s stock worth $531,000 after acquiring an additional 382 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SPDR S&P China ETF by 174.8% during the second quarter. Envestnet Asset Management Inc. now owns 31,640 shares of the company’s stock worth $2,166,000 after purchasing an additional 20,127 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of SPDR S&P China ETF in the second quarter valued at approximately $333,000. Bordeaux Wealth Advisors LLC acquired a new position in shares of SPDR S&P China ETF in the second quarter valued at approximately $3,119,000. Finally, Hantz Financial Services Inc. bought a new position in SPDR S&P China ETF in the 2nd quarter valued at approximately $96,000.

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.