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

SPDR S&P China ETF (NYSEARCA:GXC) shares saw unusually-strong trading volume on Monday . Approximately 70,554 shares were traded during trading, a decline of 29% from the previous session’s volume of 100,071 shares.The stock last traded at $80.21 and had previously closed at $80.99.

SPDR S&P China ETF Stock Performance

The stock has a fifty day simple moving average of $73.05 and a two-hundred day simple moving average of $70.95. The stock has a market cap of $531.27 million, a PE ratio of 9.52 and a beta of 0.84.

Institutional Investors Weigh In On SPDR S&P China ETF

A number of large investors have recently added to or reduced their stakes in GXC. OLD Mission Capital LLC bought a new position in SPDR S&P China ETF during the 1st quarter worth approximately $19,916,000. Jane Street Group LLC grew its holdings in shares of SPDR S&P China ETF by 327.5% during the first quarter. Jane Street Group LLC now owns 190,015 shares of the company’s stock valued at $12,499,000 after purchasing an additional 145,562 shares during the last quarter. Bordeaux Wealth Advisors LLC acquired a new stake in shares of SPDR S&P China ETF during the 2nd quarter worth approximately $3,119,000. Flow Traders U.S. LLC bought a new stake in shares of SPDR S&P China ETF in the 1st quarter worth approximately $2,858,000. Finally, Envestnet Asset Management Inc. grew its stake in SPDR S&P China ETF by 174.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 31,640 shares of the company’s stock worth $2,166,000 after buying an additional 20,127 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.