Bright Financial Advisors Inc. Has $7.10 Million Stock Position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Bright Financial Advisors Inc. trimmed its position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,202 shares of the company’s stock after selling 1,009 shares during the quarter. SPDR SSgA Global Allocation ETF accounts for 5.0% of Bright Financial Advisors Inc.’s holdings, making the stock its 6th largest holding. Bright Financial Advisors Inc. owned 2.97% of SPDR SSgA Global Allocation ETF worth $7,098,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GAL. First Foundation Advisors increased 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 purchasing an additional 19,473 shares during the last quarter. GGM Financials LLC bought a new position in shares of SPDR SSgA Global Allocation ETF in the second quarter worth about $219,000. Ameritas Advisory Services LLC boosted its stake in shares of SPDR SSgA Global Allocation ETF by 1.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 21,940 shares of the company’s stock valued at $948,000 after purchasing an additional 363 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 4th quarter valued at approximately $400,000. Finally, Taylor Financial Group Inc. bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 4th quarter valued at approximately $1,736,000.

SPDR SSgA Global Allocation ETF Price Performance

Shares of SPDR SSgA Global Allocation ETF stock opened at $44.82 on Thursday. The company’s 50 day moving average price is $44.06 and its two-hundred day moving average price is $43.42. The firm has a market capitalization of $247.43 million, a P/E ratio of 15.47 and a beta of 0.69. SPDR SSgA Global Allocation ETF has a fifty-two week low of $37.04 and a fifty-two week high of $45.09.

SPDR SSgA Global Allocation ETF Company 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.