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

SPDR S&P China ETF (NYSEARCA:GXC)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $83.74, but opened at $80.17. SPDR S&P China ETF shares last traded at $79.94, with a volume of 7,403 shares.

SPDR S&P China ETF Stock Performance

The firm has a market capitalization of $528.08 million, a PE ratio of 9.52 and a beta of 0.84. The stock has a fifty day moving average price of $80.30 and a 200-day moving average price of $73.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GXC. GSB Wealth Management LLC purchased a new stake in SPDR S&P China ETF in the third quarter valued at about $75,000. Hantz Financial Services Inc. acquired a new stake in SPDR S&P China ETF in the 2nd quarter worth approximately $96,000. 4Thought Financial Group Inc. purchased a new stake in SPDR S&P China ETF during the 2nd quarter worth approximately $109,000. Optimum Investment Advisors increased its stake in SPDR S&P China ETF by 11.5% during the 3rd quarter. Optimum Investment Advisors now owns 1,799 shares of the company’s stock valued at $148,000 after purchasing an additional 185 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in shares of SPDR S&P China ETF in the second quarter worth $333,000.

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.