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) saw unusually-strong trading volume on Friday . Approximately 520,226 shares changed hands during mid-day trading, an increase of 219% from the previous session’s volume of 163,187 shares.The stock last traded at $79.1140 and had previously closed at $79.87.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 20.63 and a beta of 0.93. The stock has a 50-day moving average price of $77.30 and a 200 day moving average price of $74.82.

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

Hedge funds have recently modified their holdings of the business. Acima Private Wealth LLC grew its position 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 valued at $126,000 after buying an additional 214 shares during the last quarter. Fairway Wealth LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 3rd quarter worth $62,000. Private Trust Co. NA boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 24.9% in the third quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock valued at $968,000 after acquiring an additional 2,578 shares in the last quarter. 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 worth $785,000 after acquiring an additional 4,460 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the fourth quarter. Farther Finance Advisors LLC now owns 4,919 shares of the company’s stock worth $377,000 after purchasing an additional 4,491 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.