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

Shares of SPDR S&P China ETF (NYSEARCA:GXC) gapped up prior to trading on Monday . The stock had previously closed at $77.89, but opened at $82.99. SPDR S&P China ETF shares last traded at $83.53, with a volume of 14,713 shares.

SPDR S&P China ETF Price Performance

The firm has a market capitalization of $531.07 million, a P/E ratio of 9.52 and a beta of 0.84. The stock has a fifty day simple moving average of $80.52 and a two-hundred day simple moving average of $73.23.

Institutional Investors Weigh In On SPDR S&P China ETF

A number of hedge funds have recently added to or reduced their stakes in the business. GSB Wealth Management LLC bought a new stake in shares of SPDR S&P China ETF during the third quarter valued at approximately $75,000. Hantz Financial Services Inc. bought a new stake in shares of SPDR S&P China ETF during the second quarter valued at approximately $96,000. 4Thought Financial Group Inc. bought a new stake in shares of SPDR S&P China ETF during the second quarter valued at approximately $109,000. Optimum Investment Advisors increased its holdings in shares of SPDR S&P China ETF by 11.5% during the third quarter. Optimum Investment Advisors now owns 1,799 shares of the company’s stock valued at $148,000 after acquiring an additional 185 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new stake in shares of SPDR S&P China ETF during the second quarter valued at approximately $333,000.

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.