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 unusually-strong trading volume on Friday . Approximately 383,595 shares were traded during trading, an increase of 292% from the previous session’s volume of 97,964 shares.The stock last traded at $66.00 and had previously closed at $65.82.

SPDR Portfolio MSCI Global Stock Market ETF Stock Down 0.0 %

The stock’s 50-day moving average price is $64.77 and its 200 day moving average price is $63.59. The company has a market cap of $861.85 million, a P/E ratio of 19.77 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Strategic Wealth Investment Group LLC grew its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 30.4% in 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. AdvisorNet Financial Inc acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth $84,000. Finally, JPMorgan Chase & Co. grew its stake 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 worth $736,000 after acquiring an additional 3,074 shares during 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.