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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) hit a new 52-week high during trading on Wednesday . The stock traded as high as $67.75 and last traded at $67.61, with a volume of 2075 shares traded. The stock had previously closed at $67.38.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.4%

The firm has a market capitalization of $1.06 billion, a P/E ratio of 19.90 and a beta of 0.93. The company’s fifty day simple moving average is $63.58 and its 200 day simple moving average is $64.15.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPGM. Farther Finance Advisors LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 1st quarter worth about $27,000. AdvisorNet Financial Inc increased its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 26.0% in the 1st 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. bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth about $279,000. Hughes Financial Services LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at about $369,000. Finally, GAMMA Investing LLC grew its position in 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 valued at $378,000 after purchasing an additional 5,958 shares during the last quarter.

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.