SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Reaches New 1-Year High – Still a Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $69.96 and last traded at $69.86, with a volume of 393869 shares traded. The stock had previously closed at $69.48.

SPDR Portfolio MSCI Global Stock Market ETF Stock Performance

The stock has a market cap of $1.10 billion, a P/E ratio of 20.63 and a beta of 0.94. The firm’s 50-day moving average is $67.53 and its two-hundred day moving average is $64.76.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SPGM. JPMorgan Chase & Co. boosted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 1.4% in the fourth quarter. JPMorgan Chase & Co. now owns 11,512 shares of the company’s stock valued at $729,000 after acquiring an additional 155 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth approximately $279,000. BIP Wealth LLC lifted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 8.2% in the fourth quarter. BIP Wealth LLC now owns 7,432 shares of the company’s stock valued at $471,000 after purchasing an additional 562 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 26.0% in the first quarter. AdvisorNet Financial Inc now owns 1,677 shares of the company’s stock valued at $105,000 after purchasing an additional 346 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in SPDR Portfolio MSCI Global Stock Market ETF by 6,142.3% in the first quarter. GAMMA Investing LLC now owns 6,055 shares of the company’s stock worth $378,000 after buying an additional 5,958 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.