SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sets New 52-Week High – Should You Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) hit a new 52-week high during trading on Wednesday . The company traded as high as $81.00 and last traded at $80.9590, with a volume of 138017 shares changing hands. The stock had previously closed at $80.50.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 20.63 and a beta of 0.93. The stock has a fifty day simple moving average of $78.66 and a 200-day simple moving average of $76.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF in the third quarter worth approximately $62,000. Basepoint Wealth LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at $72,000. Acima Private Wealth LLC lifted 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 purchasing an additional 214 shares during the last quarter. Horizon Investments LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth $135,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 1,049.3% during the 4th 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 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.