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

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw unusually-high trading volume on Thursday . Approximately 423,473 shares changed hands during trading, an increase of 347% from the previous session’s volume of 94,789 shares.The stock last traded at $76.1590 and had previously closed at $75.36.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.8%

The firm has a fifty day moving average of $75.95 and a 200 day moving average of $72.75. The company has a market capitalization of $1.27 billion, a P/E ratio of 20.63 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Flow Traders U.S. LLC lifted its position in SPDR Portfolio MSCI Global Stock Market ETF by 179.5% during the second quarter. Flow Traders U.S. LLC now owns 241,495 shares of the company’s stock valued at $16,663,000 after purchasing an additional 155,095 shares during the period. JPMorgan Chase & Co. raised its stake in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% during 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 last quarter. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 42.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock valued at $1,213,000 after buying an additional 4,808 shares during the period. Private Trust Co. NA boosted its stake in shares of 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 worth $968,000 after buying an additional 2,578 shares during the last quarter. Finally, Acima Private Wealth LLC grew its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the third quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock worth $126,000 after acquiring an additional 214 shares during the period.

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.