SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Stock Price Down 0.2% – Here’s What Happened

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)’s stock price fell 0.2% on Monday . The stock traded as low as $53.65 and last traded at $53.71. Approximately 14,636 shares were traded during trading, an increase of 0% from the average daily volume of 14,602 shares. The stock had previously closed at $53.81.

SPDR SSgA Global Allocation ETF Trading Down 0.2%

The business’s 50-day moving average is $53.06 and its two-hundred day moving average is $52.13. The stock has a market capitalization of $312.59 million, a PE ratio of 18.24 and a beta of 0.61.

Institutional Investors Weigh In On SPDR SSgA Global Allocation ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital Analysts LLC acquired a new stake in shares of SPDR SSgA Global Allocation ETF in the fourth quarter valued at about $60,000. Western Wealth Management LLC purchased a new stake in shares of SPDR SSgA Global Allocation ETF during the first quarter valued at approximately $122,000. Jane Street Group LLC purchased a new stake in shares of SPDR SSgA Global Allocation ETF during the first quarter valued at approximately $207,000. Farther Finance Advisors LLC raised its stake in shares of SPDR SSgA Global Allocation ETF by 89.6% during the fourth quarter. Farther Finance Advisors LLC now owns 4,505 shares of the company’s stock valued at $223,000 after purchasing an additional 2,129 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of SPDR SSgA Global Allocation ETF by 7,601.8% during the first quarter. Jones Financial Companies Lllp now owns 8,780 shares of the company’s stock worth $394,000 after purchasing an additional 8,666 shares in the last quarter.

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.