LPL Financial LLC Grows Position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

LPL Financial LLC increased its position in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL – Get Rating) by 35.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,672 shares of the company’s stock after buying an additional 33,252 shares during the quarter. LPL Financial LLC’s holdings in SPDR SSgA Global Allocation ETF were worth $4,758,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in shares of SPDR SSgA Global Allocation ETF in the 4th quarter valued at approximately $101,000. Merit Financial Group LLC purchased a new position in shares of SPDR SSgA Global Allocation ETF in the 4th quarter valued at approximately $219,000. Western Wealth Management LLC grew its stake in shares of SPDR SSgA Global Allocation ETF by 23.4% in the 3rd quarter. Western Wealth Management LLC now owns 6,477 shares of the company’s stock valued at $233,000 after purchasing an additional 1,227 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of SPDR SSgA Global Allocation ETF by 18.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,526 shares of the company’s stock valued at $234,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Verum Partners LLC purchased a new position in shares of SPDR SSgA Global Allocation ETF in the 4th quarter valued at approximately $285,000.

SPDR SSgA Global Allocation ETF Trading Down 0.8 %

Shares of GAL stock opened at $39.14 on Wednesday. The business’s 50 day moving average is $38.93 and its two-hundred day moving average is $38.85. SPDR SSgA Global Allocation ETF has a twelve month low of $35.50 and a twelve month high of $42.29. The company has a market capitalization of $227.01 million, a P/E ratio of 13.11 and a beta of 0.67.

SPDR SSgA Global Allocation ETF Profile

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The SPDR SSgA Global Allocation ETF (GAL) is an exchange-traded fund that is based on the MSCI ACWI IMI index. The fund is an actively-managed fund of funds that provides the majority of its returns from capital gains by investing across asset classes. GAL was launched on Apr 25, 2012 and is managed by State Street.