Mesirow Financial Investment Management Inc. Reduces Holdings in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Mesirow Financial Investment Management Inc. trimmed its holdings in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 561,805 shares of the company’s stock after selling 20,535 shares during the quarter. Mesirow Financial Investment Management Inc. owned approximately 10.18% of SPDR SSgA Global Allocation ETF worth $25,579,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GAL. Private Advisor Group LLC purchased a new position in shares of SPDR SSgA Global Allocation ETF during the 3rd quarter worth $206,000. Creative Planning grew its holdings in SPDR SSgA Global Allocation ETF by 8.6% during the third quarter. Creative Planning now owns 15,718 shares of the company’s stock valued at $716,000 after purchasing an additional 1,244 shares during the period. Sanctuary Advisors LLC purchased a new stake in SPDR SSgA Global Allocation ETF in the second quarter worth about $272,000. First Foundation Advisors raised its stake in shares of SPDR SSgA Global Allocation ETF by 7.1% in the second quarter. First Foundation Advisors now owns 293,308 shares of the company’s stock worth $12,680,000 after buying an additional 19,473 shares during the period. Finally, GGM Financials LLC purchased a new position in shares of SPDR SSgA Global Allocation ETF during the 2nd quarter valued at about $219,000.

SPDR SSgA Global Allocation ETF Trading Down 0.4 %

Shares of NYSEARCA:GAL opened at $45.53 on Friday. The stock has a 50 day moving average of $45.03 and a 200 day moving average of $44.08. The company has a market cap of $251.34 million, a PE ratio of 15.47 and a beta of 0.69. SPDR SSgA Global Allocation ETF has a 12-month low of $38.18 and a 12-month high of $45.79.

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.