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

SPDR S&P China ETF (NYSEARCA:GXC)’s share price gapped down before the market opened on Friday . The stock had previously closed at $77.56, but opened at $75.57. SPDR S&P China ETF shares last traded at $75.36, with a volume of 24,797 shares traded.

SPDR S&P China ETF Price Performance

The company has a fifty day simple moving average of $79.45 and a two-hundred day simple moving average of $72.98. The company has a market capitalization of $501.68 million, a P/E ratio of 9.52 and a beta of 0.84.

Institutional Investors Weigh In On SPDR S&P China ETF

A number of large investors have recently added to or reduced their stakes in GXC. Jane Street Group LLC boosted its holdings in SPDR S&P China ETF by 327.5% during the first quarter. Jane Street Group LLC now owns 190,015 shares of the company’s stock valued at $12,499,000 after acquiring an additional 145,562 shares during the period. Bordeaux Wealth Advisors LLC acquired a new position in shares of SPDR S&P China ETF during the 2nd quarter worth about $3,119,000. Flow Traders U.S. LLC bought a new stake in SPDR S&P China ETF during the 1st quarter valued at approximately $2,858,000. Banco Santander S.A. acquired a new stake in SPDR S&P China ETF in the 3rd quarter valued at approximately $3,132,000. Finally, Envestnet Asset Management Inc. increased its position in SPDR S&P China ETF by 174.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,640 shares of the company’s stock worth $2,166,000 after buying an additional 20,127 shares during the period.

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.