NewEdge Wealth LLC purchased a new stake in SPDR S&P China ETF (NYSEARCA:GXC – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 16,246 shares of the company’s stock, valued at approximately $1,573,000.
Several other institutional investors also recently modified their holdings of the company. Assetmark Inc. raised its stake in SPDR S&P China ETF by 5,486,725.0% in the fourth quarter. Assetmark Inc. now owns 219,473 shares of the company’s stock valued at $21,247,000 after buying an additional 219,469 shares during the period. Wealthfront Advisers LLC boosted its stake in shares of SPDR S&P China ETF by 72.9% during the 4th quarter. Wealthfront Advisers LLC now owns 13,594 shares of the company’s stock worth $1,316,000 after acquiring an additional 5,731 shares during the period. Stephens Inc. AR bought a new position in shares of SPDR S&P China ETF during the 3rd quarter worth approximately $817,000. Flow Traders U.S. LLC increased its holdings in shares of SPDR S&P China ETF by 118.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 33,903 shares of the company’s stock worth $3,559,000 after acquiring an additional 18,372 shares during the last quarter. Finally, Harbor Investment Advisory LLC acquired a new position in shares of SPDR S&P China ETF during the 3rd quarter worth approximately $105,000.
SPDR S&P China ETF Trading Up 2.5%
GXC opened at $99.89 on Thursday. The stock’s fifty day simple moving average is $95.10 and its 200 day simple moving average 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 stock has a market cap of $504.44 million, a PE 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.
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