SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 1-Year High – Should You Buy?

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) reached a new 52-week high during trading on Wednesday . The company traded as high as $88.37 and last traded at $88.29, with a volume of 10979 shares. The stock had previously closed at $87.93.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.5%

The company has a market capitalization of $1.79 billion, a PE ratio of 20.63 and a beta of 0.92. The stock’s 50-day moving average is $85.42 and its two-hundred day moving average is $82.25.

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

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% during the second 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 during the last quarter. Ameriprise Financial Inc. lifted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 64.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock valued at $785,000 after buying an additional 4,460 shares in the last quarter. Farther Finance Advisors LLC boosted its position in SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% in the 4th quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock valued at $377,000 after buying an additional 4,491 shares during the period. Horizon Investments LLC bought a new position in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth about $135,000. Finally, Basepoint Wealth LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth approximately $72,000.

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.