SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Reaches New 1-Year High – Should You Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $72.10 and last traded at $72.07, with a volume of 74871 shares traded. The stock had previously closed at $71.70.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The stock has a fifty day moving average price of $69.13 and a 200 day moving average price of $65.56. The stock has a market capitalization of $1.16 billion, a P/E ratio of 20.63 and a beta of 0.94.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the first quarter worth $27,000. AdvisorNet Financial Inc raised its position in SPDR Portfolio MSCI Global Stock Market ETF by 26.0% during the first quarter. AdvisorNet Financial Inc now owns 1,677 shares of the company’s stock valued at $105,000 after purchasing an additional 346 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at about $279,000. GAMMA Investing LLC raised its position in SPDR Portfolio MSCI Global Stock Market ETF by 6,142.3% during the first quarter. GAMMA Investing LLC now owns 6,055 shares of the company’s stock valued at $378,000 after purchasing an additional 5,958 shares in the last quarter. Finally, Hughes Financial Services LLC raised its position in SPDR Portfolio MSCI Global Stock Market ETF by 13.9% during the first quarter. Hughes Financial Services LLC now owns 6,636 shares of the company’s stock valued at $416,000 after purchasing an additional 810 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.