SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 52-Week High – What’s Next?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $67.09 and last traded at $66.60, with a volume of 3499 shares traded. The stock had previously closed at $66.65.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.8%

The company has a market cap of $1.06 billion, a price-to-earnings ratio of 19.90 and a beta of 0.93. The firm has a 50 day moving average price of $62.93 and a two-hundred day moving average price of $64.09.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

Several institutional investors have recently added to or reduced their stakes in SPGM. Ameriprise Financial Inc. acquired a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth approximately $279,000. Hughes Financial Services LLC bought a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth $369,000. Ethos Financial Group LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at $7,942,000. BIP Wealth LLC boosted its position in SPDR Portfolio MSCI Global Stock Market ETF by 8.2% during the fourth quarter. BIP Wealth LLC now owns 7,432 shares of the company’s stock valued at $471,000 after acquiring an additional 562 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 26.0% during the 1st quarter. AdvisorNet Financial Inc now owns 1,677 shares of the company’s stock worth $105,000 after acquiring an additional 346 shares during the period.

About SPDR Portfolio MSCI Global Stock Market ETF

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.