SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Reaches New 52-Week High – Still a Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $78.76 and last traded at $78.7450, with a volume of 12348 shares changing hands. The stock had previously closed at $78.63.

SPDR Portfolio MSCI Global Stock Market ETF Stock Up 0.4%

The firm has a 50-day moving average price of $76.43 and a two-hundred day moving average price of $73.94. The firm has a market cap of $1.37 billion, a PE ratio of 20.63 and a beta of 0.93.

Institutional Investors Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

Large investors have recently modified their holdings of the business. Flow Traders U.S. LLC boosted its position in SPDR Portfolio MSCI Global Stock Market ETF by 179.5% during the second quarter. Flow Traders U.S. LLC now owns 241,495 shares of the company’s stock worth $16,663,000 after acquiring an additional 155,095 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock worth $6,831,000 after purchasing an additional 85,632 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at approximately $682,000. Ameriprise Financial Inc. increased its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 42.2% in the third quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock valued at $1,213,000 after purchasing an additional 4,808 shares during the last quarter. Finally, Private Trust Co. NA lifted its position 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 buying an additional 2,578 shares in the last quarter.

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.