IFG Advisory LLC Grows Position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

IFG Advisory LLC boosted its stake in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 26.1% during the fourth quarter, HoldingsChannel reports. The firm owned 21,201 shares of the company’s stock after buying an additional 4,390 shares during the period. IFG Advisory LLC’s holdings in SPDR SSgA Global Allocation ETF were worth $879,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. bought a new position in SPDR SSgA Global Allocation ETF during the third quarter valued at approximately $215,000. LPL Financial LLC grew its holdings in shares of SPDR SSgA Global Allocation ETF by 13.3% in the third quarter. LPL Financial LLC now owns 147,542 shares of the company’s stock worth $5,637,000 after purchasing an additional 17,285 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of SPDR SSgA Global Allocation ETF in the third quarter worth approximately $329,000. NBC Securities Inc. bought a new position in shares of SPDR SSgA Global Allocation ETF in the third quarter worth approximately $138,000. Finally, Simplicity Solutions LLC grew its holdings in shares of SPDR SSgA Global Allocation ETF by 49.6% in the third quarter. Simplicity Solutions LLC now owns 15,298 shares of the company’s stock worth $585,000 after purchasing an additional 5,071 shares during the last quarter.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of SPDR SSgA Global Allocation ETF stock opened at $43.18 on Thursday. The stock has a market capitalization of $248.72 million, a price-to-earnings ratio of 14.42 and a beta of 0.67. The company’s 50 day moving average price is $42.08 and its 200-day moving average price is $40.33. SPDR SSgA Global Allocation ETF has a 52-week low of $37.04 and a 52-week high of $43.26.

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.