Bright Financial Advisors Inc. Lowers Position in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Bright Financial Advisors Inc. trimmed its holdings in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 154,688 shares of the company’s stock after selling 5,144 shares during the quarter. SPDR SSgA Global Allocation ETF comprises about 4.3% of Bright Financial Advisors Inc.’s investment portfolio, making the stock its 6th largest holding. Bright Financial Advisors Inc.’s holdings in SPDR SSgA Global Allocation ETF were worth $6,834,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Retireful LLC acquired a new stake in SPDR SSgA Global Allocation ETF during the fourth quarter worth about $1,343,000. Golden State Wealth Management LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF in the 4th quarter worth approximately $1,189,000. Win Advisors Inc. acquired a new position in shares of SPDR SSgA Global Allocation ETF during the 4th quarter valued at $879,000. Hancock Whitney Corp raised its holdings in SPDR SSgA Global Allocation ETF by 91.4% during the third quarter. Hancock Whitney Corp now owns 35,801 shares of the company’s stock worth $1,630,000 after buying an additional 17,100 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in SPDR SSgA Global Allocation ETF during the third quarter worth $462,000.

SPDR SSgA Global Allocation ETF Trading Up 0.1 %

GAL opened at $45.38 on Friday. The company’s fifty day moving average price is $44.93 and its two-hundred day moving average price is $44.77. SPDR SSgA Global Allocation ETF has a 1-year low of $41.17 and a 1-year high of $46.17. The company has a market cap of $250.50 million, a price-to-earnings ratio of 15.47 and a beta of 0.69.

SPDR SSgA Global Allocation ETF 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.