SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 52-Week High – Time to Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) hit a new 52-week high on Friday . The stock traded as high as $77.60 and last traded at $77.43, with a volume of 2239 shares changing hands. The stock had previously closed at $77.48.

SPDR Portfolio MSCI Global Stock Market ETF Trading Down 0.1%

The stock has a market cap of $1.28 billion, a P/E ratio of 20.63 and a beta of 0.93. The firm has a 50-day simple moving average of $76.14 and a two-hundred day simple moving average of $73.05.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the second quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock valued at $6,831,000 after buying an additional 85,632 shares during the period. Flow Traders U.S. LLC lifted its holdings in shares of SPDR Portfolio MSCI Global Stock Market ETF by 179.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 241,495 shares of the company’s stock worth $16,663,000 after purchasing an additional 155,095 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 64.4% during the second quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock worth $785,000 after buying an additional 4,460 shares during the last quarter. Private Trust Co. NA grew its stake in SPDR Portfolio MSCI Global Stock Market ETF by 24.9% in the 3rd quarter. Private Trust Co. NA now owns 12,926 shares of the company’s stock valued at $968,000 after purchasing an additional 2,578 shares during the period. Finally, Fairway Wealth LLC bought a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF during the 3rd quarter worth $62,000.

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.