SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 1-Year High – Still a Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares hit a new 52-week high during trading on Monday . The company traded as high as $79.30 and last traded at $79.3850, with a volume of 3872 shares changing hands. The stock had previously closed at $78.98.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 0.0%

The stock has a market capitalization of $1.46 billion, a P/E ratio of 20.63 and a beta of 0.93. The company has a 50-day moving average price of $77.08 and a two-hundred day moving average price of $74.75.

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

A number of institutional investors and hedge funds have recently modified their holdings of SPGM. Acima Private Wealth LLC increased 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 valued at $126,000 after acquiring an additional 214 shares in the last quarter. Fairway Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the third quarter worth $62,000. Private Trust Co. NA increased its stake in 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 purchasing an additional 2,578 shares in the last quarter. Ameriprise Financial Inc. raised its holdings 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 purchasing an additional 4,460 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings 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 valued at $377,000 after purchasing an additional 4,491 shares during the period.

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.