SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Unusually-High Trading Volume – Here’s Why

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw unusually-strong trading volume on Thursday . Approximately 334,363 shares were traded during trading, an increase of 279% from the previous session’s volume of 88,148 shares.The stock last traded at $79.04 and had previously closed at $78.67.

SPDR Portfolio MSCI Global Stock Market ETF Stock Performance

The firm’s 50 day simple moving average is $76.70 and its 200-day simple moving average is $74.22. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 20.63 and a beta of 0.93.

Hedge Funds Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

A number of hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC boosted its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 179.5% during the 2nd quarter. Flow Traders U.S. LLC now owns 241,495 shares of the company’s stock worth $16,663,000 after purchasing an additional 155,095 shares during the period. JPMorgan Chase & Co. grew its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after buying an additional 85,632 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at $682,000. Ameriprise Financial Inc. lifted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 42.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,189 shares of the company’s stock worth $1,213,000 after acquiring an additional 4,808 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 24.9% during the 3rd quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock worth $968,000 after acquiring 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.