SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) Stock Price Down 0.2% – Should You Sell?

SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) shares were down 0.2% on Monday . The company traded as low as $53.65 and last traded at $53.71. Approximately 14,636 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 14,602 shares. The stock had previously closed at $53.81.

SPDR SSgA Global Allocation ETF Stock Performance

The company has a market capitalization of $313.06 million, a PE ratio of 18.24 and a beta of 0.61. The stock has a 50 day moving average price of $53.07 and a two-hundred day moving average price of $52.15.

Hedge Funds Weigh In On SPDR SSgA Global Allocation ETF

A number of institutional investors have recently modified their holdings of GAL. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 10,935 shares during the last quarter. Key Financial Inc raised its position in SPDR SSgA Global Allocation ETF by 926.3% in the 4th quarter. Key Financial Inc now owns 15,579 shares of the company’s stock worth $770,000 after purchasing an additional 14,061 shares during the last quarter. Robinswood Financial LLC bought a new position in SPDR SSgA Global Allocation ETF in the 1st quarter worth approximately $2,164,000. Gateway Wealth Partners LLC lifted its holdings in SPDR SSgA Global Allocation ETF by 177.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 22,370 shares of the company’s stock worth $1,107,000 after buying an additional 14,302 shares in the last quarter. Finally, Ascentis Independent Advisors lifted its holdings in SPDR SSgA Global Allocation ETF by 134.7% during 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 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.