SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Volume Increase – Here’s Why

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares saw an uptick in trading volume on Monday . 203,806 shares traded hands during trading, an increase of 186% from the previous session’s volume of 71,377 shares.The stock last traded at $61.88 and had previously closed at $62.42.

SPDR Portfolio MSCI Global Stock Market ETF Stock Down 0.2 %

The firm has a market capitalization of $953.48 million, a price-to-earnings ratio of 20.32 and a beta of 0.95. The company has a fifty day moving average price of $64.77 and a two-hundred day moving average price of $64.61.

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

A number of large investors have recently bought and sold shares of the company. AdvisorNet Financial Inc purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth $84,000. Ameriprise Financial Inc. purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth $279,000. Hughes Financial Services LLC purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at about $369,000. BIP Wealth LLC raised its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 8.2% during the 4th quarter. BIP Wealth LLC now owns 7,432 shares of the company’s stock worth $471,000 after purchasing an additional 562 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC lifted its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 30.4% in the fourth quarter. Strategic Wealth Investment Group LLC now owns 11,503 shares of the company’s stock valued at $728,000 after acquiring an additional 2,682 shares in the last quarter.

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.