SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Unusually-High Trading Volume

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares saw an uptick in trading volume on Tuesday . 135,053 shares traded hands during trading, an increase of 169% from the previous session’s volume of 50,227 shares.The stock last traded at $61.06 and had previously closed at $60.92.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The stock has a fifty day moving average price of $59.93 and a 200-day moving average price of $58.01. The company has a market cap of $801.72 million, a PE ratio of 19.77 and a beta of 0.95.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

A number of hedge funds have recently modified their holdings of the business. C M Bidwell & Associates Ltd. raised its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 14.1% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 3,568 shares of the company’s stock worth $197,000 after acquiring an additional 442 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 2.7% during the fourth quarter. Private Trust Co. NA now owns 7,359 shares of the company’s stock worth $407,000 after acquiring an additional 195 shares in the last quarter. Finally, Edge Capital Group LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth $495,000.

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.