SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Volume Increase

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw strong trading volume on Tuesday . 135,053 shares changed hands during mid-day trading, an increase of 169% from the previous session’s volume of 50,227 shares.The stock last traded at $61.06 and had previously closed at $60.92.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.7 %

The firm has a 50 day moving average of $60.07 and a 200-day moving average of $58.09. The company has a market cap of $807.48 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA raised its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 2.7% in the 4th quarter. Private Trust Co. NA now owns 7,359 shares of the company’s stock valued at $407,000 after purchasing an additional 195 shares in the last quarter. C M Bidwell & Associates Ltd. increased its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 14.1% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 3,568 shares of the company’s stock valued at $197,000 after buying an additional 442 shares during the period. Finally, Edge Capital Group LLC bought a new position in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth approximately $495,000.

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.