SPDR S&P China ETF (NYSEARCA:GXC) Shares Gap Up – What’s Next?

Posted by Teresa Graham on Oct 18th, 2024

Shares of SPDR S&P China ETF (NYSEARCA:GXC – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $77.69, but opened at $81.89. SPDR S&P China ETF shares last traded at $81.00, with a volume of 77,039 shares trading hands.

SPDR S&P China ETF Price Performance

The company’s 50-day moving average is $72.77 and its two-hundred day moving average is $70.80. The firm has a market cap of $538.12 million, a P/E ratio of 9.52 and a beta of 0.84.

Institutional Investors Weigh In On SPDR S&P China ETF

Large investors have recently modified their holdings of the business. OLD Mission Capital LLC acquired a new stake in SPDR S&P China ETF in the first quarter valued at approximately $19,916,000. Jane Street Group LLC grew its holdings in SPDR S&P China ETF by 327.5% during the 1st quarter. Jane Street Group LLC now owns 190,015 shares of the company’s stock worth $12,499,000 after acquiring an additional 145,562 shares during the last quarter. Executive Wealth Group LLC increased its position in SPDR S&P China ETF by 200.0% in the 1st quarter. Executive Wealth Group LLC now owns 141,287 shares of the company’s stock valued at $9,013,000 after acquiring an additional 94,190 shares during the period. swisspartners Advisors Ltd raised its stake in shares of SPDR S&P China ETF by 14.4% during the first quarter. swisspartners Advisors Ltd now owns 88,097 shares of the company’s stock valued at $5,795,000 after acquiring an additional 11,105 shares during the last quarter. Finally, Bordeaux Wealth Advisors LLC acquired a new position in shares of SPDR S&P China ETF during the second quarter worth $3,119,000.

About SPDR S&P China ETF

(Get Free Report)

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.