SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Reaches New 12-Month High – Still a Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares hit a new 52-week high on Friday . The company traded as high as $65.83 and last traded at $65.83, with a volume of 5859 shares. The stock had previously closed at $65.34.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The firm has a market cap of $864.21 million, a P/E ratio of 19.77 and a beta of 0.95. The stock’s 50 day simple moving average is $64.66 and its two-hundred day simple moving average is $62.48.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

An institutional investor recently bought a new position in SPDR Portfolio MSCI Global Stock Market ETF stock. Rothschild Investment LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 569 shares of the company’s stock, valued at approximately $35,000.

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.