HighTower Advisors LLC Has $270,000 Holdings in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

HighTower Advisors LLC lessened its position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 12.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,107 shares of the company’s stock after selling 889 shares during the quarter. HighTower Advisors LLC owned approximately 0.11% of SPDR SSgA Global Allocation ETF worth $270,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC purchased a new stake in SPDR SSgA Global Allocation ETF in the 3rd quarter worth about $462,000. Jane Street Group LLC purchased a new position in SPDR SSgA Global Allocation ETF during the third quarter valued at approximately $372,000. Retireful LLC acquired a new position in SPDR SSgA Global Allocation ETF in the 4th quarter valued at approximately $1,343,000. Win Advisors Inc. purchased a new stake in SPDR SSgA Global Allocation ETF in the 4th quarter worth approximately $879,000. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of SPDR SSgA Global Allocation ETF during the 4th quarter valued at $456,000.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of GAL opened at $45.07 on Thursday. The firm has a market cap of $240.22 million, a PE ratio of 17.02 and a beta of 0.70. The firm’s 50 day moving average price is $45.29 and its 200 day moving average price is $45.14. SPDR SSgA Global Allocation ETF has a twelve month low of $41.67 and a twelve month high of $46.17.

SPDR SSgA Global Allocation ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.1794 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.