November 17, 2016 - By Vivian Park · 0 Comments
Nov 17 is a positive day so far for SPDR S&P China ETF (NYSEARCA:GXC) as the ETF is active during the day after gaining 0.67% to hit $75.02 per share. The exchange traded fund has 698.25 million net assets and 0.98% volatility this month.
Over the course of the day 3,914 shares traded hands, as compared to an average volume of 91,120 over the last 30 days for SPDR S&P China ETF (NYSEARCA:GXC).
The ETF is -9.06% of its 52-Week High and 29.78% of its low, and is currently having ATR of 1.19. This year’s performance is 2.21% while this quarter’s performance is -3.63%.
The ETF’s YTD performance is 5.79%, the 1 year is 3.13% and the 3 year is 2.86%.
The ETF’s average P/E ratio is 10.58, the price to book is 1.16, the price to sales is 1.09 and the price to cashflow is 3.39. It was started on 3/23/2007. The fund’s top holdings are: TENCENT HLDGS LTD HKD0.00002 for 11.09% of assets, Alibaba Group Holding Limited A for 8.81%, CHINA CONST BK ‘H’CNY1 for 5.34%, CHINA MOBILE LTD NPV for 5.03%, Baidu Inc. – American Deposita for 3.76%, IND & COM BK CHINA ‘H’CNY1 for 3.64%, BANK OF CHINA LTD ‘H’CNY1 for 2.69%, PING AN INSURANCE ‘H’CNY1 for 2.15%, JD.com Inc. – American Deposit for 1.81%, CNOOC LTD NPV for 1.64%. The ETF sector weights are: Basic Materials 4.24%, Consumer Cyclical 15.57%, Financial Services 25.09%, Realestate 4.84%, Consumer Defensive 4.28%, Healthcare 2.52%, Utilities 2.44%, Communication Services 6.59%, Energy 5.14%, Industrials 5.64%, Technology 23.67%. The ETF currently as 2.51% yield.
More notable recent SPDR S&P China (ETF) (NYSEARCA:GXC) news were published by: Benzinga.com which released: “China Stock Markets Trade Mixed” on November 16, 2016, also Seekingalpha.com with their article: “Quantitative Forecasting Of The Chinese Economy” published on November 08, 2016, Seekingalpha.com published: “China Review: Economic Risk And Recommendation” on June 14, 2016. More interesting news about SPDR S&P China (ETF) (NYSEARCA:GXC) were released by: Benzinga.com and their article: “China Markets Decline; Yuan Down Versus Dollar” published on November 17, 2016 as well as Seekingalpha.com‘s news article titled: “China: Excess Capacity And Debt” with publication date: September 12, 2016.
SPDR S&P China ETF seeks to replicate as closely as possible the total return performance of the S&P/Citigroup BMI China Index (the Index). The ETF has a market cap of $698.25 million. 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. It currently has negative earnings. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation.
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By Vivian Park