SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 12-Month High – Time to Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $85.18 and last traded at $85.01, with a volume of 47064 shares trading hands. The stock had previously closed at $84.85.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.2%

The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. The stock’s fifty day moving average is $79.08 and its 200-day moving average is $78.11.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 3rd quarter valued at $62,000. Basepoint Wealth LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at $72,000. Acima Private Wealth LLC increased its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the 3rd quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock valued at $126,000 after buying an additional 214 shares in the last quarter. Horizon Investments LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at $135,000. Finally, DGS Capital Management LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 1st quarter valued at $354,000.

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.