SPDR S&P China ETF (NYSEARCA:GXC) Shares Down 0.7% – Here’s What Happened

Shares of SPDR S&P China ETF (NYSEARCA:GXC) fell 0.7% during mid-day trading on Wednesday. The company traded as low as $82.91 and last traded at $82.91. Approximately 8,581 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 27,135 shares. The stock had previously closed at $83.47.

SPDR S&P China ETF Trading Down 0.6%

The company has a market capitalization of $425.83 million, a price-to-earnings ratio of 12.18 and a beta of 0.36. The company’s 50 day simple moving average is $85.36 and its 200-day simple moving average is $91.64.

Institutional Investors Weigh In On SPDR S&P China ETF

Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in shares of SPDR S&P China ETF by 12.7% in the 1st quarter. Parallel Advisors LLC now owns 2,670 shares of the company’s stock worth $249,000 after purchasing an additional 300 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of SPDR S&P China ETF by 10.0% during the 2nd quarter. CoreCap Advisors LLC now owns 3,595 shares of the company’s stock valued at $311,000 after acquiring an additional 326 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of SPDR S&P China ETF during the 2nd quarter valued at $57,000. Harbour Investments Inc. acquired a new stake in shares of SPDR S&P China ETF during the 3rd quarter valued at $98,000. Finally, Premier Financial Group bought a new stake in shares of SPDR S&P China ETF during the 2nd quarter worth $108,000.

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. 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.