SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Trading Down 0.3% – Time to Sell?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM)’s stock price dropped 0.3% during mid-day trading on Wednesday . The stock traded as low as $63.20 and last traded at $63.33. Approximately 90,624 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 58,672 shares. The stock had previously closed at $63.53.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The firm has a market capitalization of $829.62 million, a P/E ratio of 19.77 and a beta of 0.95. The business has a 50 day moving average price of $64.89 and a 200 day moving average price of $63.24.

Institutional Investors Weigh In On SPDR Portfolio MSCI Global Stock Market ETF

An institutional investor recently bought a new position in SPDR Portfolio MSCI Global Stock Market ETF stock. Rothschild Investment LLC bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 569 shares of the company’s stock, valued at approximately $35,000.

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.