GGM Financials LLC Buys New Position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

GGM Financials LLC bought a new stake in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,065 shares of the company’s stock, valued at approximately $219,000. GGM Financials LLC owned about 0.09% of SPDR SSgA Global Allocation ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC boosted its holdings in SPDR SSgA Global Allocation ETF by 1.7% in the second quarter. Ameritas Advisory Services LLC now owns 21,940 shares of the company’s stock valued at $948,000 after acquiring an additional 363 shares during the last quarter. Rossmore Private Capital lifted its stake in SPDR SSgA Global Allocation ETF by 3.1% in the fourth quarter. Rossmore Private Capital now owns 19,826 shares of the company’s stock valued at $822,000 after buying an additional 590 shares during the period. Lynx Investment Advisory acquired a new position in SPDR SSgA Global Allocation ETF in the second quarter valued at approximately $80,000. International Assets Investment Management LLC acquired a new position in SPDR SSgA Global Allocation ETF in the fourth quarter valued at approximately $400,000. Finally, Northwest Financial Advisors acquired a new position in SPDR SSgA Global Allocation ETF in the fourth quarter valued at approximately $622,000.

SPDR SSgA Global Allocation ETF Stock Up 0.3 %

GAL traded up $0.14 during trading on Friday, hitting $44.78. The company’s stock had a trading volume of 6,401 shares, compared to its average volume of 14,561. SPDR SSgA Global Allocation ETF has a twelve month low of $37.04 and a twelve month high of $44.96. The stock’s fifty day moving average price is $43.82 and its 200-day moving average price is $43.19. The firm has a market capitalization of $247.19 million, a P/E ratio of 15.47 and a beta of 0.69.

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.