First Foundation Advisors Lowers Holdings in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

First Foundation Advisors trimmed its position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,502 shares of the company’s stock after selling 14,760 shares during the period. First Foundation Advisors owned approximately 5.70% of SPDR SSgA Global Allocation ETF worth $13,895,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF during the 3rd quarter worth $372,000. Private Advisor Group LLC grew its position in shares of SPDR SSgA Global Allocation ETF by 14.7% during the fourth quarter. Private Advisor Group LLC now owns 5,186 shares of the company’s stock worth $229,000 after buying an additional 666 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR SSgA Global Allocation ETF during the fourth quarter worth approximately $24,358,000. LPL Financial LLC lifted its stake in SPDR SSgA Global Allocation ETF by 26.1% during the fourth quarter. LPL Financial LLC now owns 227,619 shares of the company’s stock worth $10,056,000 after purchasing an additional 47,132 shares during the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in SPDR SSgA Global Allocation ETF during the fourth quarter worth $229,000.

SPDR SSgA Global Allocation ETF Stock Performance

GAL stock opened at $43.48 on Thursday. The stock has a market capitalization of $236.97 million, a price-to-earnings ratio of 16.56 and a beta of 0.66. SPDR SSgA Global Allocation ETF has a 1 year low of $41.23 and a 1 year high of $46.17. The stock’s fifty day moving average is $44.95 and its two-hundred day moving average is $45.02.

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.