SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 1-Year High – What’s Next?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $77.60 and last traded at $77.43, with a volume of 2239 shares changing hands. The stock had previously closed at $77.48.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The company has a market capitalization of $1.29 billion, a PE ratio of 20.63 and a beta of 0.93. The company’s fifty day moving average is $76.19 and its 200-day moving average is $73.16.

Institutional Investors Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SPGM. Fairway Wealth LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the 3rd quarter valued at $62,000. Acima Private Wealth LLC raised its stake in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% during the third quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock worth $126,000 after purchasing an additional 214 shares during the period. Ameriprise Financial Inc. boosted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 64.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock valued at $785,000 after purchasing an additional 4,460 shares during the last quarter. Private Trust Co. NA boosted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 24.9% in the 3rd quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock valued at $968,000 after purchasing an additional 2,578 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of 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.

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.