HighTower Advisors LLC Cuts Position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

HighTower Advisors LLC trimmed its position in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,996 shares of the company’s stock after selling 530 shares during the quarter. HighTower Advisors LLC owned about 0.13% of SPDR SSgA Global Allocation ETF worth $320,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC grew its position in SPDR SSgA Global Allocation ETF by 1.7% during 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 during the period. Commonwealth Equity Services LLC raised its holdings in shares of SPDR SSgA Global Allocation ETF by 9.5% in the second quarter. Commonwealth Equity Services LLC now owns 10,539 shares of the company’s stock worth $456,000 after buying an additional 914 shares during the period. Rossmore Private Capital increased its position in shares of SPDR SSgA Global Allocation ETF by 5.1% during the third quarter. Rossmore Private Capital now owns 20,626 shares of the company’s stock worth $939,000 after acquiring an additional 1,000 shares during the period. Creative Planning increased its position in SPDR SSgA Global Allocation ETF by 8.6% during the 3rd quarter. Creative Planning now owns 15,718 shares of the company’s stock valued at $716,000 after purchasing an additional 1,244 shares during the period. Finally, Hancock Whitney Corp raised its position in shares of SPDR SSgA Global Allocation ETF by 8.3% in the 2nd quarter. Hancock Whitney Corp now owns 18,701 shares of the company’s stock worth $808,000 after acquiring an additional 1,439 shares in the last quarter.

SPDR SSgA Global Allocation ETF Stock Performance

GAL stock opened at $44.86 on Tuesday. The firm has a market cap of $247.63 million, a price-to-earnings ratio of 15.47 and a beta of 0.69. The firm has a 50-day simple moving average of $45.26 and a two-hundred day simple moving average of $44.57. SPDR SSgA Global Allocation ETF has a one year low of $40.42 and a one year high of $46.17.

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.