SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Strong Trading Volume

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw unusually-strong trading volume on Tuesday . Approximately 135,053 shares were traded during trading, an increase of 169% from the previous session’s volume of 50,227 shares.The stock last traded at $61.06 and had previously closed at $60.92.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.7 %

The stock has a market cap of $807.48 million, a price-to-earnings ratio of 19.77 and a beta of 0.95. The firm’s 50 day moving average is $60.07 and its two-hundred day moving average is $58.09.

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

A number of institutional investors have recently modified their holdings of the company. C M Bidwell & Associates Ltd. lifted its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 14.1% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 3,568 shares of the company’s stock valued at $197,000 after purchasing an additional 442 shares in the last quarter. Private Trust Co. NA lifted its position in SPDR Portfolio MSCI Global Stock Market ETF by 2.7% during the fourth quarter. Private Trust Co. NA now owns 7,359 shares of the company’s stock valued at $407,000 after buying an additional 195 shares in the last quarter. Finally, Edge Capital Group LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth approximately $495,000.

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.