Raymond James Financial Inc. Invests $24.36 Million in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Raymond James Financial Inc. acquired a new stake in shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 551,326 shares of the company’s stock, valued at approximately $24,358,000. Raymond James Financial Inc. owned about 9.99% of SPDR SSgA Global Allocation ETF at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in shares of SPDR SSgA Global Allocation ETF by 50.0% during the 4th quarter. Cerity Partners LLC now owns 6,674 shares of the company’s stock valued at $295,000 after buying an additional 2,225 shares during the period. Wells Fargo & Company MN lifted its stake in shares of SPDR SSgA Global Allocation ETF by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 80,305 shares of the company’s stock worth $3,548,000 after purchasing an additional 1,301 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of SPDR SSgA Global Allocation ETF by 154.8% in the fourth quarter. JPMorgan Chase & Co. now owns 5,725 shares of the company’s stock worth $253,000 after buying an additional 3,478 shares during the last quarter. LPL Financial LLC grew its position 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 valued at $10,056,000 after buying an additional 47,132 shares during the period. Finally, Taylor Financial Group Inc. increased its stake in shares of SPDR SSgA Global Allocation ETF by 8.0% in the 4th quarter. Taylor Financial Group Inc. now owns 55,940 shares of the company’s stock worth $2,471,000 after purchasing an additional 4,129 shares in the last quarter.

SPDR SSgA Global Allocation ETF Stock Performance

NYSEARCA GAL opened at $43.64 on Friday. The business’s fifty day moving average is $44.73 and its 200 day moving average is $44.94. The company has a market capitalization of $237.84 million, a PE ratio of 16.56 and a beta of 0.66. SPDR SSgA Global Allocation ETF has a fifty-two week low of $41.00 and a fifty-two week high of $46.17.

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.