SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 52-Week High – Here’s Why

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) hit a new 52-week high on Wednesday . The company traded as high as $81.23 and last traded at $81.23, with a volume of 97272 shares. The stock had previously closed at $81.00.

SPDR Portfolio MSCI Global Stock Market ETF Stock Performance

The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.63 and a beta of 0.91. The business has a 50 day moving average price of $78.17 and a 200-day moving average price of $77.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SPGM. JPMorgan Chase & Co. lifted its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after purchasing an additional 85,632 shares during the period. Betterment LLC acquired a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at about $781,000. Holos Integrated Wealth LLC acquired a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at about $682,000. Ameriprise Financial Inc. lifted its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 42.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock valued at $1,213,000 after purchasing an additional 4,808 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% in the 4th quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock valued at $377,000 after purchasing an additional 4,491 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.