SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Trading Down 0.6% – Here’s Why

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares fell 0.6% during mid-day trading on Tuesday . The stock traded as low as $63.12 and last traded at $63.80. 109,233 shares traded hands during trading, a decline of 15% from the average session volume of 127,928 shares. The stock had previously closed at $64.20.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 0.6 %

The firm has a 50 day moving average of $64.88 and a 200-day moving average of $64.48. The company has a market cap of $998.47 million, a P/E ratio of 21.76 and a beta of 0.95.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc bought a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at approximately $84,000. Ameriprise Financial Inc. purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter worth approximately $279,000. Hughes Financial Services LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at approximately $369,000. BIP Wealth LLC boosted 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 valued at $471,000 after acquiring an additional 562 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 37.1% in the third quarter. JPMorgan Chase & Co. now owns 11,357 shares of the company’s stock valued at $736,000 after purchasing an additional 3,074 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.