SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Reaches New 12-Month High – Still a Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s share price reached a new 52-week high on Wednesday . The company traded as high as $83.41 and last traded at $83.27, with a volume of 78422 shares traded. The stock had previously closed at $82.51.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 1.0%

The company has a market capitalization of $1.59 billion, a PE ratio of 20.63 and a beta of 0.92. The firm has a 50 day simple moving average of $78.92 and a two-hundred day simple moving average of $77.98.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ethos Financial Group LLC boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6.7% in the first quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock valued at $9,623,000 after acquiring an additional 7,927 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% during the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock worth $6,831,000 after purchasing an additional 85,632 shares in the last quarter. Ameriprise Financial Inc. lifted its position in SPDR Portfolio MSCI Global Stock Market ETF by 42.2% in the third quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock valued at $1,213,000 after purchasing an additional 4,808 shares during the period. Betterment LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at approximately $781,000. Finally, Holos Integrated Wealth LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at approximately $682,000.

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.