SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Volume Increase – Still a Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw unusually-high trading volume on Tuesday . Approximately 75,065 shares traded hands during 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 Trading Down 0.0 %

The firm has a market capitalization of $1.01 billion, a PE ratio of 20.29 and a beta of 0.95. The firm has a 50 day simple moving average of $64.80 and a 200 day simple moving average of $64.55.

Institutional Investors Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Several institutional investors have recently modified their holdings of SPGM. Ethos Financial Group LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at about $7,942,000. Hughes Financial Services LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth $369,000. Ameriprise Financial Inc. purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at about $279,000. JPMorgan Chase & Co. raised its position in 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 worth $736,000 after acquiring an additional 3,074 shares during the period. Finally, Strategic Wealth Investment Group LLC grew its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 30.4% during 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 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.