Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 261,413 shares were traded during mid-day trading, an increase of 152% from the previous session’s volume of 103,681 shares.The stock last traded at $65.64 and had previously closed at $65.37.
SPDR Portfolio MSCI Global Stock Market ETF Price Performance
The business’s 50 day simple moving average is $64.83 and its 200-day simple moving average is $63.77. The stock has a market capitalization of $856.48 million, a P/E ratio of 19.77 and a beta of 0.95.
Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF
Institutional investors have recently modified their holdings of the stock. Ethos Financial Group LLC bought a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth about $7,942,000. Strategic Wealth Investment Group LLC grew its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 30.4% in the 4th quarter. Strategic Wealth Investment Group LLC now owns 11,503 shares of the company’s stock valued at $728,000 after purchasing an additional 2,682 shares during the period. JPMorgan Chase & Co. grew its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 37.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,357 shares of the company’s stock valued at $736,000 after purchasing an additional 3,074 shares during the period. Finally, AdvisorNet Financial Inc bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $84,000.
About SPDR Portfolio MSCI Global Stock Market ETF
The SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is an exchange-traded fund that is based on the MSCI AC World IMI index, a market-cap-weighted index of global stocks covering 99% of the developed and emerging markets capitalization. SPGM was launched on Feb 27, 2012 and is managed by State Street.
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