Taylor Financial Group Inc. Has $2.47 Million Position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Taylor Financial Group Inc. raised its stake in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,940 shares of the company’s stock after purchasing an additional 4,129 shares during the period. SPDR SSgA Global Allocation ETF accounts for approximately 1.7% of Taylor Financial Group Inc.’s investment portfolio, making the stock its 13th biggest position. Taylor Financial Group Inc. owned approximately 1.01% of SPDR SSgA Global Allocation ETF worth $2,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Key Financial Inc grew its stake in shares of SPDR SSgA Global Allocation ETF by 56.4% in the fourth quarter. Key Financial Inc now owns 779 shares of the company’s stock valued at $34,000 after acquiring an additional 281 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of SPDR SSgA Global Allocation ETF in the fourth quarter valued at about $98,000. Private Advisor Group LLC grew its stake in shares of SPDR SSgA Global Allocation ETF by 14.7% in the fourth quarter. Private Advisor Group LLC now owns 5,186 shares of the company’s stock valued at $229,000 after acquiring an additional 666 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of SPDR SSgA Global Allocation ETF in the fourth quarter valued at about $229,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF in the fourth quarter valued at about $230,000.

SPDR SSgA Global Allocation ETF Stock Performance

GAL stock opened at $45.58 on Tuesday. The company’s 50-day simple moving average is $45.07 and its 200 day simple moving average is $45.07. SPDR SSgA Global Allocation ETF has a 52 week low of $41.67 and a 52 week high of $46.17. The company has a market capitalization of $242.03 million, a PE ratio of 18.25 and a beta of 0.70.

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.