Golden State Wealth Management LLC Invests $1.19 Million in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Golden State Wealth Management LLC bought a new stake in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,909 shares of the company’s stock, valued at approximately $1,189,000. Golden State Wealth Management LLC owned about 0.49% of SPDR SSgA Global Allocation ETF as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rossmore Private Capital lifted its position in SPDR SSgA Global Allocation ETF by 5.1% in the 3rd quarter. Rossmore Private Capital now owns 20,626 shares of the company’s stock worth $939,000 after buying an additional 1,000 shares during the last quarter. Creative Planning raised its position in SPDR SSgA Global Allocation ETF by 8.6% in the 3rd quarter. Creative Planning now owns 15,718 shares of the company’s stock worth $716,000 after purchasing an additional 1,244 shares during the period. Private Advisor Group LLC bought a new stake in SPDR SSgA Global Allocation ETF in the third quarter worth $206,000. Sanctuary Advisors LLC purchased a new stake in SPDR SSgA Global Allocation ETF during the second quarter valued at about $272,000. Finally, Jane Street Group LLC bought a new position in shares of SPDR SSgA Global Allocation ETF during the third quarter valued at about $372,000.

SPDR SSgA Global Allocation ETF Trading Up 0.1 %

GAL opened at $45.38 on Friday. The company has a market cap of $250.50 million, a P/E ratio of 15.47 and a beta of 0.69. SPDR SSgA Global Allocation ETF has a 12 month low of $41.17 and a 12 month high of $46.17. The business’s 50-day moving average price is $44.93 and its 200-day moving average price is $44.77.

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.