Pasadena Private Wealth LLC Purchases New Holdings in SPDR S&P China ETF (NYSEARCA:GXC)

Pasadena Private Wealth LLC acquired a new stake in shares of SPDR S&P China ETF (NYSEARCA:GXC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 63,180 shares of the company’s stock, valued at approximately $4,794,000. SPDR S&P China ETF comprises 1.0% of Pasadena Private Wealth LLC’s portfolio, making the stock its 24th largest holding. Pasadena Private Wealth LLC owned approximately 0.95% of SPDR S&P China ETF as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Avestar Capital LLC purchased a new stake in shares of SPDR S&P China ETF during the fourth quarter worth approximately $756,000. Summit Trail Advisors LLC raised its position in SPDR S&P China ETF by 1.9% during the 4th quarter. Summit Trail Advisors LLC now owns 16,772 shares of the company’s stock worth $1,273,000 after buying an additional 306 shares during the last quarter. swisspartners Advisors Ltd lifted its stake in shares of SPDR S&P China ETF by 2.1% in the 4th quarter. swisspartners Advisors Ltd now owns 135,047 shares of the company’s stock worth $10,247,000 after acquiring an additional 2,740 shares during the period. Osborne Partners Capital Management LLC lifted its position in SPDR S&P China ETF by 0.3% in the fourth quarter. Osborne Partners Capital Management LLC now owns 193,401 shares of the company’s stock valued at $14,675,000 after purchasing an additional 572 shares during the period. Finally, Mittelman Wealth Management boosted its holdings in SPDR S&P China ETF by 60.4% in the 3rd quarter. Mittelman Wealth Management now owns 12,441 shares of the company’s stock valued at $1,022,000 after purchasing an additional 4,687 shares in the last quarter.

SPDR S&P China ETF Trading Up 0.6 %

Shares of GXC stock opened at $85.36 on Wednesday. The stock has a 50 day simple moving average of $77.02 and a 200-day simple moving average of $75.66. The company has a market cap of $567.64 million, a price-to-earnings ratio of 9.52 and a beta of 0.84. SPDR S&P China ETF has a 12-month low of $63.35 and a 12-month high of $97.17.

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.