LPL Financial LLC Buys 47,132 Shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

LPL Financial LLC increased its stake in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 26.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 227,619 shares of the company’s stock after acquiring an additional 47,132 shares during the period. LPL Financial LLC owned 4.12% of SPDR SSgA Global Allocation ETF worth $10,056,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Jane Street Group LLC bought a new stake in SPDR SSgA Global Allocation ETF during the third quarter valued at about $372,000. Private Advisor Group LLC boosted its stake in SPDR SSgA Global Allocation ETF by 14.7% during the 4th quarter. Private Advisor Group LLC now owns 5,186 shares of the company’s stock valued at $229,000 after purchasing an additional 666 shares during the period. Raymond James Financial Inc. acquired a new stake in SPDR SSgA Global Allocation ETF in the 4th quarter valued at approximately $24,358,000. Avantax Advisory Services Inc. bought a new position in SPDR SSgA Global Allocation ETF in the 4th quarter worth approximately $229,000. Finally, Taylor Financial Group Inc. increased its position in SPDR SSgA Global Allocation ETF by 8.0% in the 4th quarter. Taylor Financial Group Inc. now owns 55,940 shares of the company’s stock worth $2,471,000 after buying an additional 4,129 shares during the period.

SPDR SSgA Global Allocation ETF Trading Down 3.8 %

GAL opened at $42.49 on Friday. The business has a 50 day moving average of $45.22 and a 200-day moving average of $45.12. The stock has a market capitalization of $226.47 million, a price-to-earnings ratio of 17.02 and a beta of 0.70. SPDR SSgA Global Allocation ETF has a 1-year low of $41.67 and a 1-year high of $46.17.

SPDR SSgA Global Allocation ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a $0.1794 dividend. The ex-dividend date was Wednesday, March 26th.

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.