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

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw an uptick in trading volume on Tuesday . 398,504 shares were traded during trading, an increase of 230% from the previous session’s volume of 120,723 shares.The stock last traded at $62.05 and had previously closed at $62.59.

SPDR Portfolio MSCI Global Stock Market ETF Stock Performance

The stock’s fifty day simple moving average is $64.86 and its two-hundred day simple moving average is $64.52. The company has a market capitalization of $975.31 million, a price-to-earnings ratio of 21.76 and a beta of 0.95.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 37.1% during the third quarter. JPMorgan Chase & Co. now owns 11,357 shares of the company’s stock valued at $736,000 after buying an additional 3,074 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth about $84,000. Strategic Wealth Investment Group LLC grew its stake in SPDR Portfolio MSCI Global Stock Market ETF by 30.4% during the 4th quarter. Strategic Wealth Investment Group LLC now owns 11,503 shares of the company’s stock valued at $728,000 after acquiring an additional 2,682 shares in the last quarter. Ethos Financial Group LLC acquired a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at about $7,942,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth approximately $369,000.

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.