International Assets Investment Management LLC Invests $400,000 in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

International Assets Investment Management LLC bought a new stake in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,652 shares of the company’s stock, valued at approximately $400,000. International Assets Investment Management LLC owned about 0.17% of SPDR SSgA Global Allocation ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GAL. WealthShield Partners LLC raised its stake in SPDR SSgA Global Allocation ETF by 10.6% during the 4th quarter. WealthShield Partners LLC now owns 3,779 shares of the company’s stock worth $157,000 after acquiring an additional 363 shares in the last quarter. Wagner Wealth Management LLC lifted its holdings in shares of SPDR SSgA Global Allocation ETF by 5.5% in the 4th quarter. Wagner Wealth Management LLC now owns 5,398 shares of the company’s stock valued at $224,000 after purchasing an additional 283 shares during the last quarter. IFG Advisory LLC lifted its holdings in shares of SPDR SSgA Global Allocation ETF by 26.1% in the 4th quarter. IFG Advisory LLC now owns 21,201 shares of the company’s stock valued at $879,000 after purchasing an additional 4,390 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of SPDR SSgA Global Allocation ETF by 457.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,327 shares of the company’s stock valued at $1,298,000 after purchasing an additional 25,709 shares during the period. Finally, First Foundation Advisors grew its stake in SPDR SSgA Global Allocation ETF by 17.3% during the 3rd quarter. First Foundation Advisors now owns 225,209 shares of the company’s stock worth $8,605,000 after buying an additional 33,184 shares during the last quarter.

SPDR SSgA Global Allocation ETF Trading Up 0.7 %

GAL stock opened at $42.40 on Friday. The company has a market capitalization of $234.47 million, a P/E ratio of 14.99 and a beta of 0.67. The business has a 50 day simple moving average of $42.54 and a 200-day simple moving average of $40.89. SPDR SSgA Global Allocation ETF has a twelve month low of $37.04 and a twelve month high of $43.51.

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.