SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sets New 52-Week Low – Here’s What Happened

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $54.21 and last traded at $55.59, with a volume of 40598 shares changing hands. The stock had previously closed at $56.89.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 8.5 %

The stock has a fifty day moving average of $63.57 and a two-hundred day moving average of $64.32. The company has a market capitalization of $921.06 million, a PE ratio of 20.32 and a beta of 0.95.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SPGM. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $736,000 after purchasing an additional 3,074 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter worth $84,000. Ethos Financial Group LLC purchased a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at about $7,942,000. Hughes Financial Services LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF during the fourth quarter valued at about $369,000. Finally, Strategic Wealth Investment Group LLC increased its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 30.4% in the fourth quarter. Strategic Wealth Investment Group LLC now owns 11,503 shares of the company’s stock worth $728,000 after buying an additional 2,682 shares during the period.

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.