SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Shares Break Below 200-Day Moving Average – Here’s What Happened

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $52.25 and traded as low as $52.19. SPDR SSgA Global Allocation ETF shares last traded at $52.19, with a volume of 3,690 shares changing hands.

SPDR SSgA Global Allocation ETF Stock Performance

The stock has a market capitalization of $316.27 million, a P/E ratio of 18.24 and a beta of 0.62. The company’s fifty day simple moving average is $53.09 and its two-hundred day simple moving average is $52.25.

Hedge Funds Weigh In On SPDR SSgA Global Allocation ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF during the second quarter worth approximately $115,000. Western Wealth Management LLC bought a new position in shares of SPDR SSgA Global Allocation ETF in the first quarter worth approximately $122,000. Citadel Advisors LLC purchased a new stake in SPDR SSgA Global Allocation ETF in the second quarter worth approximately $279,000. Farther Finance Advisors LLC grew its position in shares of SPDR SSgA Global Allocation ETF by 4.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,123 shares of the company’s stock worth $321,000 after buying an additional 263 shares during the last quarter. Finally, Busey Bank bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 3rd quarter valued at $683,000.

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.