SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Shares Up 0.9% – Here’s Why

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) shares shot up 0.9% during trading on Monday . The stock traded as high as $53.79 and last traded at $53.75. 4,124 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 14,156 shares. The stock had previously closed at $53.27.

SPDR SSgA Global Allocation ETF Stock Down 1.2%

The company has a market cap of $317.25 million, a P/E ratio of 18.24 and a beta of 0.62. The company has a 50 day moving average price of $53.38 and a 200-day moving average price of $52.47.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of SPDR SSgA Global Allocation ETF in the 2nd quarter worth $115,000. Citadel Advisors LLC acquired a new position in SPDR SSgA Global Allocation ETF during the second quarter worth about $279,000. Ameritas Advisory Services LLC grew its holdings in SPDR SSgA Global Allocation ETF by 32.6% during the second quarter. Ameritas Advisory Services LLC now owns 29,963 shares of the company’s stock worth $1,583,000 after acquiring an additional 7,359 shares during the period. Western Wealth Management LLC bought a new stake in SPDR SSgA Global Allocation ETF in the first quarter worth about $122,000. Finally, Robinswood Financial LLC bought a new stake in SPDR SSgA Global Allocation ETF in the first quarter worth about $2,164,000.

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.