GGM Financials LLC Trims Holdings in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

GGM Financials LLC reduced its holdings in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,802 shares of the company’s stock after selling 263 shares during the period. GGM Financials LLC owned 0.09% of SPDR SSgA Global Allocation ETF worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GAL. Ameritas Advisory Services LLC grew its stake in shares of SPDR SSgA Global Allocation ETF by 1.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 21,940 shares of the company’s stock worth $948,000 after buying an additional 363 shares during the last quarter. Commonwealth Equity Services LLC grew its stake 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 acquiring an additional 914 shares during the last quarter. Creative Planning grew its stake in shares of SPDR SSgA Global Allocation ETF by 8.6% in the third quarter. Creative Planning now owns 15,718 shares of the company’s stock worth $716,000 after acquiring an additional 1,244 shares during the last quarter. Hancock Whitney Corp increased its holdings in shares of SPDR SSgA Global Allocation ETF by 8.3% during the second quarter. Hancock Whitney Corp now owns 18,701 shares of the company’s stock valued at $808,000 after acquiring an additional 1,439 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new position in shares of SPDR SSgA Global Allocation ETF in the 2nd quarter worth about $64,000.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of GAL stock opened at $45.32 on Thursday. The company has a market capitalization of $250.17 million, a price-to-earnings ratio of 15.47 and a beta of 0.69. The company’s 50-day moving average is $45.00 and its 200 day moving average is $44.03. SPDR SSgA Global Allocation ETF has a one year low of $38.18 and a one year high of $45.79.

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.