SPDR S&P China ETF (NYSEARCA:GXC) Sees Large Volume Increase – Time to Buy?

Shares of SPDR S&P China ETF (NYSEARCA:GXC) saw unusually-strong trading volume on Monday . Approximately 26,437 shares changed hands during mid-day trading, a decline of 10% from the previous session’s volume of 29,229 shares.The stock last traded at $81.33 and had previously closed at $79.86.

SPDR S&P China ETF Trading Up 2.4 %

The stock’s 50-day moving average price is $76.64 and its 200-day moving average price is $75.18. The stock has a market cap of $549.56 million, a price-to-earnings ratio of 9.52 and a beta of 0.84.

Institutional Investors Weigh In On SPDR S&P China ETF

Large investors have recently bought and sold shares of the stock. GSB Wealth Management LLC acquired a new position in shares of SPDR S&P China ETF during the third quarter valued at about $75,000. Optimum Investment Advisors boosted its stake in SPDR S&P China ETF by 11.5% during the 3rd quarter. Optimum Investment Advisors now owns 1,799 shares of the company’s stock valued at $148,000 after purchasing an additional 185 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR S&P China ETF by 424.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,122 shares of the company’s stock worth $313,000 after purchasing an additional 3,336 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of SPDR S&P China ETF in the fourth quarter worth approximately $488,000. Finally, Tradewinds Capital Management LLC bought a new position in shares of SPDR S&P China ETF in the fourth quarter valued at approximately $709,000.

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.