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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares saw unusually-strong trading volume on Thursday . Approximately 334,363 shares were traded during trading, an increase of 279% from the previous session’s volume of 88,148 shares.The stock last traded at $79.04 and had previously closed at $78.67.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.2%

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 20.63 and a beta of 0.93. The firm has a fifty day moving average price of $76.57 and a 200-day moving average price of $74.12.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Fairway Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 3rd quarter worth $62,000. Acima Private Wealth LLC lifted its stake in shares of 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 acquiring an additional 214 shares during the period. Holos Integrated Wealth LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at approximately $682,000. Ameriprise Financial Inc. increased its stake 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 valued at $785,000 after acquiring an additional 4,460 shares during the period. Finally, Private Trust Co. NA raised its holdings in 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 worth $968,000 after purchasing an additional 2,578 shares in the last quarter.

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.