SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 12-Month High – Here’s What Happened

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $86.18 and last traded at $86.18, with a volume of 3385 shares trading hands. The stock had previously closed at $85.06.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The stock’s 50-day moving average price is $80.32 and its 200-day moving average price is $78.69. The company has a market cap of $1.63 billion, a P/E ratio of 20.63 and a beta of 0.92.

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

A number of institutional investors have recently modified their holdings of the business. Ethos Financial Group LLC boosted its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6.7% in the first quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock valued at $9,623,000 after acquiring an additional 7,927 shares during the period. DGS Capital Management LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the first quarter worth about $354,000. Betterment LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth about $781,000. Basepoint Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth about $72,000. Finally, Horizon Investments LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth about $135,000.

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.