SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Unusually-High Trading Volume – Here’s Why

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw unusually-high trading volume on Tuesday . Approximately 398,504 shares changed hands during mid-day trading, an increase of 230% from the previous session’s volume of 120,723 shares.The stock last traded at $62.05 and had previously closed at $62.59.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The stock has a market cap of $968.89 million, a PE ratio of 20.29 and a beta of 0.95. The company has a 50-day simple moving average of $64.82 and a 200-day simple moving average of $64.50.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

A number of large investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc purchased a new position in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at about $84,000. Ameriprise Financial Inc. bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at $279,000. Hughes Financial Services LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the 4th quarter valued at $369,000. BIP Wealth LLC grew its position in SPDR Portfolio MSCI Global Stock Market ETF by 8.2% in 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, JPMorgan Chase & Co. grew its position in SPDR Portfolio MSCI Global Stock Market ETF by 37.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,357 shares of the company’s stock worth $736,000 after purchasing an additional 3,074 shares during the last quarter.

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.