SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw unusually-strong trading volume on Tuesday . Approximately 133,721 shares were traded during mid-day trading, an increase of 63% from the previous session’s volume of 82,178 shares.The stock last traded at $62.67 and had previously closed at $62.67.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The firm has a market cap of $838.01 million, a P/E ratio of 19.77 and a beta of 0.95. The stock’s 50-day moving average price is $64.77 and its 200 day moving average price is $63.43.

Institutional Investors Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

An institutional investor recently bought a new position in SPDR Portfolio MSCI Global Stock Market ETF stock. AdvisorNet Financial Inc purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,331 shares of the company’s stock, valued at approximately $84,000.

SPDR Portfolio MSCI Global Stock Market ETF Company Profile

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.