SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Trading Up 0.9% – Here’s Why

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)’s share price was up 0.9% during trading on Monday . The stock traded as high as $53.79 and last traded at $53.75. Approximately 4,124 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 14,156 shares. The stock had previously closed at $53.27.

SPDR SSgA Global Allocation ETF Stock Up 0.9%

The firm has a market capitalization of $312.82 million, a PE ratio of 18.24 and a beta of 0.62. The stock has a 50-day simple moving average of $53.36 and a 200-day simple moving average of $52.45.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. 46 Peaks LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 4th quarter worth $8,454,000. Robinswood Financial LLC bought a new position in SPDR SSgA Global Allocation ETF in the first quarter valued at $2,164,000. Ascentis Independent Advisors raised its position in SPDR SSgA Global Allocation ETF by 134.7% during the first quarter. Ascentis Independent Advisors now owns 26,572 shares of the company’s stock valued at $1,315,000 after purchasing an additional 15,251 shares in the last quarter. Gateway Wealth Partners LLC raised its position in SPDR SSgA Global Allocation ETF by 177.3% during the first quarter. Gateway Wealth Partners LLC now owns 22,370 shares of the company’s stock valued at $1,107,000 after purchasing an additional 14,302 shares in the last quarter. Finally, Key Financial Inc lifted its stake in SPDR SSgA Global Allocation ETF by 926.3% during the fourth quarter. Key Financial Inc now owns 15,579 shares of the company’s stock worth $770,000 after purchasing an additional 14,061 shares during the last quarter.

About SPDR SSgA Global Allocation ETF

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.