SPDR S&P China ETF (NYSEARCA:GXC) Trading Down 0.8% – Should You Sell?

SPDR S&P China ETF (NYSEARCA:GXC) shares dropped 0.8% during mid-day trading on Tuesday . The stock traded as low as $87.28 and last traded at $87.28. 10,044 shares changed hands during trading, a decline of 64% from the average session volume of 27,614 shares. The stock had previously closed at $88.01.

SPDR S&P China ETF Trading Down 0.8%

The stock has a market capitalization of $453.86 million, a PE ratio of 12.97 and a beta of 0.35. The company’s 50 day simple moving average is $90.06 and its 200 day simple moving average is $92.25.

Institutional Investors Weigh In On SPDR S&P China ETF

Several hedge funds have recently made changes to their positions in GXC. Integrated Wealth Concepts LLC acquired a new position in SPDR S&P China ETF in the second quarter valued at $57,000. Wealthcare Advisory Partners LLC boosted its stake in SPDR S&P China ETF by 7.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 33,465 shares of the company’s stock worth $2,895,000 after buying an additional 2,350 shares during the last quarter. CoreCap Advisors LLC grew its holdings in SPDR S&P China ETF by 10.0% in the 2nd quarter. CoreCap Advisors LLC now owns 3,595 shares of the company’s stock valued at $311,000 after buying an additional 326 shares during the period. Parallel Advisors LLC lifted its holdings in shares of SPDR S&P China ETF by 12.7% during the 1st quarter. Parallel Advisors LLC now owns 2,670 shares of the company’s stock worth $249,000 after acquiring an additional 300 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of SPDR S&P China ETF by 28.1% during the 1st quarter. First Trust Advisors LP now owns 11,193 shares of the company’s stock worth $1,042,000 after acquiring an additional 2,452 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. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.