JPMorgan Chase & Co. Grows Stock Position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

JPMorgan Chase & Co. raised its position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 154.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,725 shares of the company’s stock after buying an additional 3,478 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of SPDR SSgA Global Allocation ETF worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GAL. LPL Financial LLC lifted its stake in shares of SPDR SSgA Global Allocation ETF by 26.1% during the 4th quarter. LPL Financial LLC now owns 227,619 shares of the company’s stock valued at $10,056,000 after buying an additional 47,132 shares in the last quarter. Taylor Financial Group Inc. lifted its position in shares of SPDR SSgA Global Allocation ETF by 8.0% during the fourth quarter. Taylor Financial Group Inc. now owns 55,940 shares of the company’s stock worth $2,471,000 after acquiring an additional 4,129 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of SPDR SSgA Global Allocation ETF in the fourth quarter worth $230,000. Avantax Advisory Services Inc. purchased a new position in shares of SPDR SSgA Global Allocation ETF in the fourth quarter valued at $229,000. Finally, Raymond James Financial Inc. bought a new stake in shares of SPDR SSgA Global Allocation ETF during the 4th quarter valued at $24,358,000.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of GAL opened at $45.26 on Friday. The stock’s 50-day simple moving average is $44.47 and its 200 day simple moving average is $44.87. SPDR SSgA Global Allocation ETF has a 52-week low of $41.00 and a 52-week high of $46.17. The stock has a market capitalization of $246.21 million, a price-to-earnings ratio of 17.11 and a beta of 0.66.

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.