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

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw an uptick in trading volume on Tuesday . 474,061 shares changed hands during 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 Stock Performance

The stock has a 50-day moving average price of $64.82 and a two-hundred day moving average price of $63.86. The stock has a market capitalization of $861.18 million, a PE ratio of 19.77 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SPGM. AdvisorNet Financial Inc purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at $84,000. Strategic Wealth Investment Group LLC boosted its holdings in shares of 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 purchasing an additional 2,682 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 37.1% during 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. Hughes Financial Services LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth about $369,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth about $7,942,000.

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.