SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Volume Increase – Here’s Why

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGMGet Free Report) saw unusually-high trading volume on Thursday . Approximately 423,473 shares were traded during trading, an increase of 347% from the previous session’s volume of 94,789 shares.The stock last traded at $76.1590 and had previously closed at $75.36.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.8%

The company has a market cap of $1.26 billion, a PE ratio of 20.63 and a beta of 0.93. The firm’s 50-day moving average is $75.88 and its 200-day moving average is $72.66.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF in the third quarter worth about $62,000. Acima Private Wealth LLC lifted its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the 3rd quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock worth $126,000 after purchasing an additional 214 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 64.4% during the second quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock worth $785,000 after acquiring an additional 4,460 shares during the last quarter. Private Trust Co. NA grew its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 24.9% during the third quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock valued at $968,000 after purchasing an additional 2,578 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 1st quarter valued at approximately $5,393,000.

SPDR Portfolio MSCI Global Stock Market ETF Company Profile

(Get Free Report)

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.

Further Reading

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