Gateway Wealth Partners LLC Purchases 14,302 Shares of SPDR SSgA Global Allocation ETF $GAL

Gateway Wealth Partners LLC increased its position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 177.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,370 shares of the company’s stock after purchasing an additional 14,302 shares during the quarter. Gateway Wealth Partners LLC’s holdings in SPDR SSgA Global Allocation ETF were worth $1,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. grew its stake in SPDR SSgA Global Allocation ETF by 4.1% in the third quarter. Raymond James Financial Inc. now owns 537,129 shares of the company’s stock worth $26,383,000 after purchasing an additional 21,230 shares during the period. 46 Peaks LLC boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 2.1% during the 1st quarter. 46 Peaks LLC now owns 174,483 shares of the company’s stock valued at $8,637,000 after buying an additional 3,526 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 78,757 shares of the company’s stock valued at $3,895,000 after buying an additional 2,859 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of SPDR SSgA Global Allocation ETF by 55.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 30,645 shares of the company’s stock worth $1,517,000 after buying an additional 10,935 shares during the period. Finally, Ascentis Independent Advisors grew its position in shares of SPDR SSgA Global Allocation ETF by 134.7% in the 1st quarter. Ascentis Independent Advisors now owns 26,572 shares of the company’s stock worth $1,315,000 after buying an additional 15,251 shares during the period.

SPDR SSgA Global Allocation ETF Price Performance

Shares of SPDR SSgA Global Allocation ETF stock opened at $51.95 on Thursday. The company has a 50-day moving average of $52.95 and a 200 day moving average of $51.77. The firm has a market cap of $300.79 million, a price-to-earnings ratio of 18.24 and a beta of 0.61. SPDR SSgA Global Allocation ETF has a 1 year low of $46.73 and a 1 year high of $55.24.

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.