Commonwealth Equity Services LLC Acquires 914 Shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Commonwealth Equity Services LLC increased its holdings in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,539 shares of the company’s stock after acquiring an additional 914 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.19% of SPDR SSgA Global Allocation ETF worth $456,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Mesirow Financial Investment Management Inc. bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 1st quarter valued at $26,238,000. Bright Financial Advisors Inc. bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 1st quarter valued at $6,957,000. Golden State Equity Partners bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 2nd quarter valued at $2,005,000. Taylor Financial Group Inc. bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 4th quarter valued at $1,736,000. Finally, First Foundation Advisors raised its stake in shares of SPDR SSgA Global Allocation ETF by 10.4% during the 1st quarter. First Foundation Advisors now owns 273,835 shares of the company’s stock valued at $11,832,000 after purchasing an additional 25,809 shares during the period.

SPDR SSgA Global Allocation ETF Stock Performance

NYSEARCA:GAL opened at $45.23 on Friday. SPDR SSgA Global Allocation ETF has a 52-week low of $37.04 and a 52-week high of $45.35. The firm has a market cap of $249.65 million, a price-to-earnings ratio of 15.47 and a beta of 0.69. The business’s fifty day moving average is $44.10 and its 200 day moving average is $43.46.

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.