Wealthfront Advisers LLC Has $1.32 Million Position in SPDR S&P China ETF $GXC

Wealthfront Advisers LLC increased its position in SPDR S&P China ETF (NYSEARCA:GXC) by 72.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,594 shares of the company’s stock after acquiring an additional 5,731 shares during the quarter. Wealthfront Advisers LLC’s holdings in SPDR S&P China ETF were worth $1,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Qube Research & Technologies Ltd increased its stake in shares of SPDR S&P China ETF by 136.1% in the second quarter. Qube Research & Technologies Ltd now owns 491 shares of the company’s stock valued at $43,000 after buying an additional 283 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of SPDR S&P China ETF in the third quarter valued at approximately $105,000. Raymond James Financial Inc. acquired a new position in shares of SPDR S&P China ETF in the second quarter valued at approximately $122,000. Russell Investments Group Ltd. acquired a new position in shares of SPDR S&P China ETF in the third quarter valued at approximately $144,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of SPDR S&P China ETF in the third quarter valued at approximately $149,000.

SPDR S&P China ETF Price Performance

SPDR S&P China ETF stock opened at $96.34 on Monday. The business has a 50 day moving average of $95.36 and a 200-day moving average of $98.84. SPDR S&P China ETF has a 1 year low of $83.17 and a 1 year high of $107.01. The company has a market capitalization of $486.52 million, a P/E ratio of 12.97 and a beta of 0.36.

SPDR S&P China ETF 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. 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.