SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 1-Year High – What’s Next?

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) hit a new 52-week high during trading on Tuesday . The company traded as high as $67.77 and last traded at $67.75, with a volume of 12406 shares trading hands. The stock had previously closed at $66.98.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The company’s 50 day simple moving average is $64.74 and its 200 day simple moving average is $64.17. The stock has a market cap of $1.07 billion, a P/E ratio of 20.33 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 1st quarter valued at approximately $27,000. AdvisorNet Financial Inc raised its position in SPDR Portfolio MSCI Global Stock Market ETF by 26.0% during the first quarter. AdvisorNet Financial Inc now owns 1,677 shares of the company’s stock worth $105,000 after acquiring an additional 346 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at $279,000. Hughes Financial Services LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at about $369,000. Finally, GAMMA Investing LLC increased its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6,142.3% during the 1st quarter. GAMMA Investing LLC now owns 6,055 shares of the company’s stock worth $378,000 after purchasing an additional 5,958 shares during the last quarter.

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.