SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Unusually-High Trading Volume – What’s Next?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw an uptick in trading volume on Friday . 520,226 shares were traded during mid-day trading, an increase of 219% from the previous session’s volume of 163,187 shares.The stock last traded at $79.1140 and had previously closed at $79.87.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 1.0%

The company has a market cap of $1.45 billion, a price-to-earnings ratio of 20.63 and a beta of 0.93. The stock’s 50 day moving average price is $77.40 and its 200 day moving average price is $74.92.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fairway Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF during the third quarter valued at approximately $62,000. Acima Private Wealth LLC boosted its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 14.6% during the 3rd quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock worth $126,000 after acquiring an additional 214 shares in the last quarter. Farther Finance Advisors LLC boosted its position in SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the fourth quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock worth $377,000 after purchasing an additional 4,491 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth $682,000. Finally, Ameriprise Financial Inc. raised 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 worth $785,000 after acquiring an additional 4,460 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.