SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sets New 1-Year High – Here’s Why

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares reached a new 52-week high during trading on Monday . The stock traded as high as $78.76 and last traded at $78.7450, with a volume of 12348 shares traded. The stock had previously closed at $78.63.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.4%

The company has a fifty day moving average of $76.43 and a 200-day moving average of $73.94. The stock has a market cap of $1.37 billion, a PE ratio of 20.63 and a beta of 0.93.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

Hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC grew its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 179.5% in the second quarter. Flow Traders U.S. LLC now owns 241,495 shares of the company’s stock valued at $16,663,000 after purchasing an additional 155,095 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 valued at $6,831,000 after buying an additional 85,632 shares during the period. Holos Integrated Wealth LLC acquired a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth $682,000. Ameriprise Financial Inc. increased its position 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 acquiring an additional 4,808 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 24.9% in the third quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock valued at $968,000 after acquiring an additional 2,578 shares in 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.