NewEdge Wealth LLC Invests $1.57 Million in SPDR S&P China ETF $GXC

NewEdge Wealth LLC bought a new stake in SPDR S&P China ETF (NYSEARCA:GXC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,246 shares of the company’s stock, valued at approximately $1,573,000. NewEdge Wealth LLC owned about 0.32% of SPDR S&P China ETF as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GXC. Assetmark Inc. grew its stake in shares of SPDR S&P China ETF by 5,486,725.0% during the 4th quarter. Assetmark Inc. now owns 219,473 shares of the company’s stock worth $21,247,000 after acquiring an additional 219,469 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of SPDR S&P China ETF in the second quarter worth $3,111,000. Flow Traders U.S. LLC boosted its holdings in SPDR S&P China ETF by 118.3% during the third quarter. Flow Traders U.S. LLC now owns 33,903 shares of the company’s stock worth $3,559,000 after purchasing an additional 18,372 shares during the last quarter. Ameriprise Financial Inc. grew its position in SPDR S&P China ETF by 19.6% in the second quarter. Ameriprise Financial Inc. now owns 56,808 shares of the company’s stock valued at $4,974,000 after purchasing an additional 9,294 shares in the last quarter. Finally, Stephens Inc. AR bought a new position in SPDR S&P China ETF in the third quarter valued at $817,000.

SPDR S&P China ETF Trading Up 2.5%

Shares of GXC stock opened at $99.89 on Thursday. The firm’s fifty day moving average price is $95.10 and its two-hundred day moving average price is $98.65. SPDR S&P China ETF has a 1 year low of $83.20 and a 1 year high of $107.01. The firm has a market capitalization of $504.44 million, a P/E ratio of 12.97 and a beta of 0.36.

About SPDR S&P China ETF

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. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.