Key Financial Inc Trims Stake in SPDR SSgA Global Allocation ETF $GAL

Key Financial Inc lessened its stake in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 87.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,951 shares of the company’s stock after selling 13,628 shares during the quarter. Key Financial Inc’s holdings in SPDR SSgA Global Allocation ETF were worth $97,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Silver Oak Securities Incorporated acquired a new position in shares of SPDR SSgA Global Allocation ETF in the first quarter worth $419,000. 46 Peaks LLC acquired a new stake in shares of SPDR SSgA Global Allocation ETF during the fourth quarter valued at $8,454,000. Royal Bank of Canada boosted its stake in shares of SPDR SSgA Global Allocation ETF by 2.2% during the fourth quarter. Royal Bank of Canada now owns 12,851 shares of the company’s stock valued at $635,000 after acquiring an additional 282 shares during the last quarter. Wells Fargo & Company MN increased its position in SPDR SSgA Global Allocation ETF by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 78,757 shares of the company’s stock worth $3,895,000 after purchasing an additional 2,859 shares in the last quarter. Finally, Advocate Investing Services LLC purchased a new stake in SPDR SSgA Global Allocation ETF during the 4th quarter worth about $403,000.

SPDR SSgA Global Allocation ETF Trading Down 0.4%

Shares of GAL stock opened at $52.65 on Thursday. The company has a market capitalization of $302.21 million, a price-to-earnings ratio of 18.24 and a beta of 0.61. The firm has a 50-day moving average price of $52.95 and a 200 day moving average price of $51.40. SPDR SSgA Global Allocation ETF has a twelve month low of $46.73 and a twelve month high of $55.24.

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.