SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 12-Month High – Here’s What Happened

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $86.18 and last traded at $86.18, with a volume of 3385 shares changing hands. The stock had previously closed at $85.06.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 1.2%

The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. The business’s 50-day simple moving average is $80.32 and its two-hundred day simple moving average is $78.69.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ethos Financial Group LLC increased its position in SPDR Portfolio MSCI Global Stock Market ETF by 6.7% during the 1st quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock valued at $9,623,000 after purchasing an additional 7,927 shares during the period. DGS Capital Management LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter valued at approximately $354,000. Betterment LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at approximately $781,000. Basepoint Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at approximately $72,000. Finally, Horizon Investments LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at approximately $135,000.

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.