SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Shares Down 0.3% – Should You Sell?

Shares of SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) dropped 0.3% during mid-day trading on Wednesday . The company traded as low as $63.20 and last traded at $63.33. Approximately 90,624 shares traded hands 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 Stock Performance

The firm has a fifty day simple moving average of $64.89 and a 200-day simple moving average of $63.24. The firm has a market cap of $828.97 million, a price-to-earnings ratio of 19.77 and a beta of 0.95.

Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF

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

SPDR Portfolio MSCI Global Stock Market ETF Company Profile

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.