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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) reached a new 52-week high during trading on Thursday . The company traded as high as $65.48 and last traded at $65.48, with a volume of 793 shares. The stock had previously closed at $65.01.

SPDR Portfolio MSCI Global Stock Market ETF Stock Performance

The stock has a fifty day moving average of $63.90 and a 200 day moving average of $61.79. The company has a market capitalization of $858.57 million, a PE ratio of 19.77 and a beta of 0.95.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

A hedge fund recently bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF stock. Rothschild Investment LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 569 shares of the company’s stock, valued at approximately $35,000.

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.