Commonwealth Equity Services LLC Makes New Investment in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Commonwealth Equity Services LLC purchased a new stake in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,209 shares of the company’s stock, valued at approximately $230,000. Commonwealth Equity Services LLC owned 0.09% of SPDR SSgA Global Allocation ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GAL. Key Financial Inc lifted its position in shares of SPDR SSgA Global Allocation ETF by 56.4% during the 4th quarter. Key Financial Inc now owns 779 shares of the company’s stock valued at $34,000 after acquiring an additional 281 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of SPDR SSgA Global Allocation ETF during the fourth quarter valued at about $98,000. Avantax Advisory Services Inc. bought a new position in shares of SPDR SSgA Global Allocation ETF during the 4th quarter worth about $229,000. Private Advisor Group LLC grew its stake in shares of SPDR SSgA Global Allocation ETF by 14.7% in the 4th quarter. Private Advisor Group LLC now owns 5,186 shares of the company’s stock valued at $229,000 after buying an additional 666 shares during the period. Finally, Jane Street Group LLC bought a new stake in SPDR SSgA Global Allocation ETF in the 3rd quarter valued at about $372,000.

SPDR SSgA Global Allocation ETF Stock Performance

GAL stock opened at $43.48 on Thursday. The stock’s 50 day simple moving average is $44.95 and its 200 day simple moving average is $45.02. The company has a market cap of $236.97 million, a P/E ratio of 16.56 and a beta of 0.66. SPDR SSgA Global Allocation ETF has a fifty-two week low of $41.23 and a fifty-two week high of $46.17.

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.