SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Hits New 12-Month High – Time to Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.18 and last traded at $85.01, with a volume of 47064 shares trading hands. The stock had previously closed at $84.85.

SPDR Portfolio MSCI Global Stock Market ETF Stock Performance

The company has a market cap of $1.61 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. The firm’s 50-day moving average price is $79.08 and its 200 day moving average price is $78.11.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

A number of institutional investors have recently bought and sold shares of SPGM. JPMorgan Chase & Co. boosted its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 640.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 99,002 shares of the company’s stock worth $6,831,000 after purchasing an additional 85,632 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in SPDR Portfolio MSCI Global Stock Market ETF by 64.4% in the second quarter. Ameriprise Financial Inc. now owns 11,381 shares of the company’s stock valued at $785,000 after purchasing an additional 4,460 shares during the last quarter. Fairway Wealth LLC bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF in the third quarter valued at about $62,000. Acima Private Wealth LLC lifted its stake in SPDR Portfolio MSCI Global Stock Market ETF by 14.6% in the third quarter. Acima Private Wealth LLC now owns 1,676 shares of the company’s stock valued at $126,000 after buying an additional 214 shares during the period. Finally, Holos Integrated Wealth LLC acquired a new position in SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at about $682,000.

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.