SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Volume Increase – Time to Buy?

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw strong trading volume on Tuesday . 474,061 shares changed hands during mid-day trading, an increase of 208% from the previous session’s volume of 153,999 shares.The stock last traded at $65.71 and had previously closed at $65.38.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The firm has a market capitalization of $861.18 million, a PE ratio of 19.77 and a beta of 0.95. The business’s 50 day moving average is $64.82 and its two-hundred day moving average is $63.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at about $84,000. Hughes Financial Services LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth $369,000. Strategic Wealth Investment Group LLC raised its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 30.4% during the 4th quarter. Strategic Wealth Investment Group LLC now owns 11,503 shares of the company’s stock valued at $728,000 after buying an additional 2,682 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SPDR Portfolio MSCI Global Stock Market ETF by 37.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,357 shares of the company’s stock valued at $736,000 after buying an additional 3,074 shares during the period. Finally, Ethos Financial Group LLC bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter worth $7,942,000.

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.