SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sets New 1-Year High – Here’s Why

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 stock traded as high as $86.97 and last traded at $86.96, with a volume of 10068 shares traded. The stock had previously closed at $85.99.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 1.8%

The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. The company’s 50 day simple moving average is $85.18 and its 200-day simple moving average is $81.73.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after purchasing an additional 85,632 shares in the last quarter. Stillwater Private Wealth LLC acquired a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the first quarter worth about $891,000. Betterment LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth approximately $781,000. Ethos Financial Group LLC boosted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6.7% during 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. Finally, Ameriprise Financial Inc. grew its position in SPDR Portfolio MSCI Global Stock Market ETF by 42.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock worth $1,213,000 after purchasing an additional 4,808 shares during 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.