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

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw unusually-high trading volume on Thursday . Approximately 423,473 shares changed hands during mid-day trading, an increase of 347% from the previous session’s volume of 94,789 shares.The stock last traded at $76.1590 and had previously closed at $75.36.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.8%

The company has a market capitalization of $1.26 billion, a P/E ratio of 20.63 and a beta of 0.93. The company’s fifty day moving average price is $75.88 and its 200 day moving average price is $72.66.

Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC increased its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 179.5% during the second quarter. Flow Traders U.S. LLC now owns 241,495 shares of the company’s stock valued at $16,663,000 after acquiring an additional 155,095 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock worth $6,831,000 after purchasing an additional 85,632 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 42.2% during the third quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock worth $1,213,000 after purchasing an additional 4,808 shares in the last quarter. Private Trust Co. NA raised its position in SPDR Portfolio MSCI Global Stock Market ETF by 24.9% during the third quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock valued at $968,000 after purchasing an additional 2,578 shares in the last quarter. Finally, Acima Private Wealth LLC lifted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the 3rd quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock worth $126,000 after acquiring an additional 214 shares during the last quarter.

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.