SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Unusually-High Trading Volume – Still a Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw unusually-high trading volume on Friday . Approximately 383,595 shares traded hands during trading, an increase of 292% from the previous session’s volume of 97,964 shares.The stock last traded at $66.00 and had previously closed at $65.82.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 0.1 %

The stock has a market capitalization of $861.53 million, a price-to-earnings ratio of 19.77 and a beta of 0.95. The business has a 50 day simple moving average of $64.73 and a 200-day simple moving average of $63.56.

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

Hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at $84,000. JPMorgan Chase & Co. grew its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 37.1% in 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. Finally, Strategic Wealth Investment Group LLC raised its holdings in shares of 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 buying an additional 2,682 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.