SPDR S&P China ETF (NYSEARCA:GXC) Sees Large Volume Increase – Should You Buy?

SPDR S&P China ETF (NYSEARCA:GXC) saw strong trading volume on Tuesday . 54,614 shares were traded during trading, an increase of 75% from the previous session’s volume of 31,207 shares.The stock last traded at $84.87 and had previously closed at $84.82.

SPDR S&P China ETF Stock Performance

The company has a 50-day moving average of $77.02 and a 200-day moving average of $75.66. The stock has a market capitalization of $567.64 million, a price-to-earnings ratio of 9.52 and a beta of 0.84.

Institutional Trading of SPDR S&P China ETF

Several institutional investors and hedge funds have recently made changes to their positions in GXC. Osborne Partners Capital Management LLC lifted its holdings in SPDR S&P China ETF by 3.0% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 192,829 shares of the company’s stock valued at $15,835,000 after purchasing an additional 5,564 shares in the last quarter. GSB Wealth Management LLC acquired a new position in shares of SPDR S&P China ETF in the third quarter valued at approximately $75,000. swisspartners Advisors Ltd raised its position in shares of SPDR S&P China ETF by 1.8% in the third quarter. swisspartners Advisors Ltd now owns 132,307 shares of the company’s stock valued at $10,865,000 after buying an additional 2,360 shares during the last quarter. Banco Santander S.A. purchased a new position in shares of SPDR S&P China ETF during the third quarter valued at approximately $3,132,000. Finally, Summit Trail Advisors LLC boosted its position in SPDR S&P China ETF by 1.5% during the third quarter. Summit Trail Advisors LLC now owns 16,466 shares of the company’s stock worth $1,352,000 after acquiring an additional 240 shares during 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.