SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Trading Up 1.3% – Should You Buy?

SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) shares rose 1.3% during mid-day trading on Tuesday . The stock traded as high as $64.18 and last traded at $64.18. Approximately 52,726 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 55,357 shares. The stock had previously closed at $63.35.

SPDR Portfolio MSCI Global Stock Market ETF Price Performance

The firm has a market capitalization of $860.80 million, a P/E ratio of 19.77 and a beta of 0.95. The stock’s fifty day simple moving average is $63.80 and its 200 day simple moving average is $61.71.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SPDR Portfolio MSCI Global Stock Market ETF stock. Rothschild Investment LLC purchased a new position in shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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.