SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Reaches New 1-Year High – Here’s Why

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) hit a new 52-week high on Thursday . The company traded as high as $65.48 and last traded at $65.48, with a volume of 793 shares trading hands. The stock had previously closed at $65.01.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The business has a fifty day moving average price of $63.90 and a two-hundred day moving average price of $61.79. The firm has a market capitalization of $858.57 million, a price-to-earnings ratio of 19.77 and a beta of 0.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SPDR Portfolio MSCI Global Stock Market ETF stock. Rothschild Investment LLC bought a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) during the 2nd quarter, according to its most recent disclosure 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.