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

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) saw an uptick in trading volume on Monday . 203,806 shares changed 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 Trading Up 0.3 %

The stock has a 50-day moving average price of $64.68 and a two-hundred day moving average price of $64.61. The stock has a market cap of $958.24 million, a price-to-earnings ratio of 20.32 and a beta of 0.95.

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

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in SPDR Portfolio MSCI Global Stock Market ETF by 1.4% during the 4th quarter. JPMorgan Chase & Co. now owns 11,512 shares of the company’s stock worth $729,000 after buying an additional 155 shares during the last quarter. BIP Wealth LLC increased its stake in shares of SPDR Portfolio MSCI Global Stock Market ETF by 8.2% in the fourth quarter. BIP Wealth LLC now owns 7,432 shares of the company’s stock worth $471,000 after acquiring an additional 562 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter worth $84,000. Strategic Wealth Investment Group LLC lifted its position in SPDR Portfolio MSCI Global Stock Market ETF by 30.4% during the fourth 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 period. Finally, Ameriprise Financial Inc. acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at $279,000.

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.