SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Reaches New 1-Year High at $64.30

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) reached a new 52-week high on Tuesday . The stock traded as high as $64.30 and last traded at $64.30, with a volume of 1043 shares trading hands. The stock had previously closed at $63.93.

SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.3 %

The stock’s 50-day moving average price is $61.74 and its 200-day moving average price is $60.44. The company has a market capitalization of $840.23 million, a P/E ratio of 19.77 and a beta of 0.95.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of SPGM. Rothschild Investment LLC bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the 2nd quarter valued at about $35,000. C M Bidwell & Associates Ltd. increased its position in SPDR Portfolio MSCI Global Stock Market ETF by 14.1% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 3,568 shares of the company’s stock valued at $197,000 after acquiring an additional 442 shares during the period. Finally, Edge Capital Group LLC bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF during the 4th quarter valued at $495,000.

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.