SPDR S&P China ETF $GXC Shares Sold by Mittelman Wealth Management

Mittelman Wealth Management lowered its holdings in SPDR S&P China ETF (NYSEARCA:GXC) by 14.0% during the second quarter, HoldingsChannel.com reports. The fund owned 8,062 shares of the company’s stock after selling 1,317 shares during the period. SPDR S&P China ETF accounts for about 0.6% of Mittelman Wealth Management’s portfolio, making the stock its 19th biggest position. Mittelman Wealth Management’s holdings in SPDR S&P China ETF were worth $706,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new stake in shares of SPDR S&P China ETF during the 1st quarter worth approximately $3,035,000. Prism Advisors Inc. acquired a new position in SPDR S&P China ETF during the 2nd quarter valued at approximately $2,256,000. Wealthfront Advisers LLC grew its stake in SPDR S&P China ETF by 164.4% during the 1st quarter. Wealthfront Advisers LLC now owns 13,000 shares of the company’s stock worth $1,118,000 after buying an additional 8,083 shares during the last quarter. Jones Financial Companies Lllp increased its position in SPDR S&P China ETF by 4,448.1% in the first quarter. Jones Financial Companies Lllp now owns 3,593 shares of the company’s stock worth $309,000 after buying an additional 3,514 shares during the period. Finally, Clark Capital Management Group Inc. acquired a new stake in SPDR S&P China ETF in the first quarter worth $288,000.

SPDR S&P China ETF Stock Performance

GXC stock opened at $103.09 on Friday. SPDR S&P China ETF has a 1 year low of $70.92 and a 1 year high of $107.01. The stock has a market capitalization of $494.83 million, a price-to-earnings ratio of 12.97 and a beta of 0.28. The stock’s fifty day moving average is $102.70 and its two-hundred day moving average is $94.05.

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.