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

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) reached a new 52-week high during trading on Tuesday . The company traded as high as $86.97 and last traded at $86.96, with a volume of 10068 shares traded. The stock had previously closed at $85.99.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. The business has a fifty day moving average of $85.18 and a 200-day moving average of $81.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Basepoint Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at about $72,000. Horizon Investments LLC acquired a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth $135,000. DGS Capital Management LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the first quarter worth $354,000. Farther Finance Advisors LLC increased its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the 4th quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock valued at $377,000 after acquiring an additional 4,491 shares during the last quarter. Finally, Betterment LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at approximately $781,000.

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.