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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares saw unusually-high trading volume on Tuesday . Approximately 398,504 shares were traded during mid-day trading, an increase of 230% from the previous session’s volume of 120,723 shares.The stock last traded at $62.05 and had previously closed at $62.59.

SPDR Portfolio MSCI Global Stock Market ETF Stock Down 0.4 %

The firm has a market cap of $975.31 million, a price-to-earnings ratio of 21.76 and a beta of 0.95. The firm has a fifty day moving average price of $64.86 and a 200-day moving average price of $64.52.

Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

A number of hedge funds have recently made changes to their positions in the business. Ethos Financial Group LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at $7,942,000. Hughes Financial Services LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at about $369,000. Ameriprise Financial Inc. acquired a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth about $279,000. JPMorgan Chase & Co. boosted its holdings 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 valued at $736,000 after purchasing an additional 3,074 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC increased its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 30.4% during the 4th quarter. Strategic Wealth Investment Group LLC now owns 11,503 shares of the company’s stock worth $728,000 after purchasing an additional 2,682 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.