SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Reaches New 1-Year High – Here’s Why

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $80.39 and last traded at $80.4660, with a volume of 14316 shares changing hands. The stock had previously closed at $79.82.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.3%

The firm has a market capitalization of $1.50 billion, a PE ratio of 20.63 and a beta of 0.93. The stock has a 50-day simple moving average of $78.04 and a 200-day simple moving average of $75.45.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPGM. Fairway Wealth LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the third quarter worth about $62,000. Basepoint Wealth LLC bought a new position in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth approximately $72,000. Acima Private Wealth LLC grew its stake 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 in the last quarter. Horizon Investments LLC bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at $135,000. Finally, Farther Finance Advisors LLC lifted its position in shares of 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 acquiring 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.