LPL Financial LLC Sells 33,030 Shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

LPL Financial LLC lowered its stake in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 26.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,642 shares of the company’s stock after selling 33,030 shares during the period. LPL Financial LLC owned 1.61% of SPDR SSgA Global Allocation ETF worth $3,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of GAL. WealthShield Partners LLC bought a new stake in SPDR SSgA Global Allocation ETF in the first quarter worth $117,000. Commonwealth Equity Services LLC increased its position in SPDR SSgA Global Allocation ETF by 18.7% in the third quarter. Commonwealth Equity Services LLC now owns 6,526 shares of the company’s stock worth $234,000 after purchasing an additional 1,027 shares during the last quarter. HighTower Advisors LLC increased its position in SPDR SSgA Global Allocation ETF by 7.2% in the fourth quarter. HighTower Advisors LLC now owns 7,854 shares of the company’s stock worth $295,000 after purchasing an additional 528 shares during the last quarter. CI Private Wealth LLC bought a new stake in SPDR SSgA Global Allocation ETF in the fourth quarter worth $320,000. Finally, Golden State Wealth Management LLC increased its position in SPDR SSgA Global Allocation ETF by 10.7% in the first quarter. Golden State Wealth Management LLC now owns 7,666 shares of the company’s stock worth $337,000 after purchasing an additional 739 shares during the last quarter.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of GAL opened at $40.09 on Monday. The company’s fifty day moving average is $40.09 and its 200 day moving average is $35.39. SPDR SSgA Global Allocation ETF has a fifty-two week low of $35.50 and a fifty-two week high of $41.10. The stock has a market capitalization of $230.92 million, a PE ratio of 14.42 and a beta of 0.67.

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.