Raymond James & Associates Lowers Position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Raymond James & Associates lowered its stake in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 0.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 521,934 shares of the company’s stock after selling 1,813 shares during the quarter. Raymond James & Associates owned about 0.09% of SPDR SSgA Global Allocation ETF worth $23,764,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. First Foundation Advisors raised its stake in shares of SPDR SSgA Global Allocation ETF by 7.1% in the 2nd quarter. First Foundation Advisors now owns 293,308 shares of the company’s stock valued at $12,680,000 after acquiring an additional 19,473 shares during the period. Bright Financial Advisors Inc. purchased a new stake in SPDR SSgA Global Allocation ETF in the first quarter valued at approximately $6,957,000. Taylor Financial Group Inc. lifted its stake in SPDR SSgA Global Allocation ETF by 9.8% during the second quarter. Taylor Financial Group Inc. now owns 47,768 shares of the company’s stock worth $2,065,000 after purchasing an additional 4,281 shares in the last quarter. Golden State Equity Partners purchased a new position in shares of SPDR SSgA Global Allocation ETF during the second quarter worth $2,005,000. Finally, Ameritas Advisory Services LLC grew its stake in shares of SPDR SSgA Global Allocation ETF by 1.7% in the second quarter. Ameritas Advisory Services LLC now owns 21,940 shares of the company’s stock valued at $948,000 after buying an additional 363 shares in the last quarter.

SPDR SSgA Global Allocation ETF Trading Up 0.2 %

GAL opened at $44.98 on Friday. The stock’s 50-day moving average price is $44.93 and its 200 day moving average price is $43.86. SPDR SSgA Global Allocation ETF has a 12-month low of $37.04 and a 12-month high of $45.79. The firm has a market cap of $248.29 million, a price-to-earnings ratio of 15.47 and a beta of 0.69.

SPDR SSgA Global Allocation ETF Profile

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.