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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw unusually-high trading volume on Tuesday . Approximately 75,065 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 69,100 shares.The stock last traded at $64.32 and had previously closed at $64.23.

SPDR Portfolio MSCI Global Stock Market ETF Stock Down 1.0 %

The company has a market capitalization of $995.97 million, a P/E ratio of 20.29 and a beta of 0.95. The business’s 50-day moving average is $64.82 and its two-hundred day moving average is $64.57.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

A number of institutional investors and hedge funds have recently modified their holdings of SPGM. JPMorgan Chase & Co. raised its position in SPDR Portfolio MSCI Global Stock Market ETF by 1.4% in the fourth quarter. JPMorgan Chase & Co. now owns 11,512 shares of the company’s stock worth $729,000 after acquiring an additional 155 shares during the period. BIP Wealth LLC increased its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 8.2% during the 4th quarter. BIP Wealth LLC now owns 7,432 shares of the company’s stock worth $471,000 after purchasing an additional 562 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth approximately $84,000. Strategic Wealth Investment Group LLC lifted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 30.4% in the fourth quarter. Strategic Wealth Investment Group LLC now owns 11,503 shares of the company’s stock valued at $728,000 after purchasing an additional 2,682 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth $279,000.

About SPDR Portfolio MSCI Global Stock Market ETF

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.