SPDR S&P China ETF (NYSEARCA:GXC) Sets New 52-Week High – Time to Buy?

SPDR S&P China ETF (NYSEARCA:GXC) hit a new 52-week high during trading on Tuesday . The stock traded as high as $105.52 and last traded at $105.35, with a volume of 15389 shares traded. The stock had previously closed at $104.28.

SPDR S&P China ETF Trading Up 0.8%

The firm has a market capitalization of $514.91 million, a price-to-earnings ratio of 12.97 and a beta of 0.50. The stock’s 50 day moving average price is $97.46 and its two-hundred day moving average price is $89.39.

Institutional Investors Weigh In On SPDR S&P China ETF

A number of hedge funds and other institutional investors have recently modified their holdings of GXC. Osaic Holdings Inc. boosted its stake in shares of SPDR S&P China ETF by 72.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,161 shares of the company’s stock worth $188,000 after acquiring an additional 911 shares in the last quarter. Ameriprise Financial Inc. boosted its position in SPDR S&P China ETF by 19.6% during the second quarter. Ameriprise Financial Inc. now owns 56,808 shares of the company’s stock worth $4,974,000 after purchasing an additional 9,294 shares in the last quarter. Jane Street Group LLC purchased a new stake in SPDR S&P China ETF during the second quarter worth $3,111,000. Raymond James Financial Inc. acquired a new stake in SPDR S&P China ETF in the second quarter valued at $122,000. Finally, Qube Research & Technologies Ltd increased its position in shares of SPDR S&P China ETF by 136.1% in the second quarter. Qube Research & Technologies Ltd now owns 491 shares of the company’s stock valued at $43,000 after buying an additional 283 shares in 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.