Mesirow Financial Investment Management Inc. Sells 24,870 Shares of SPDR SSgA Global Allocation ETF (NYSEARCA:GAL)

Mesirow Financial Investment Management Inc. reduced its stake in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 582,340 shares of the company’s stock after selling 24,870 shares during the quarter. Mesirow Financial Investment Management Inc. owned about 10.55% of SPDR SSgA Global Allocation ETF worth $25,180,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new position in shares of SPDR SSgA Global Allocation ETF in the 2nd quarter worth approximately $64,000. Lynx Investment Advisory acquired a new position in SPDR SSgA Global Allocation ETF in the second quarter valued at $80,000. GGM Financials LLC bought a new stake in SPDR SSgA Global Allocation ETF during the second quarter valued at $219,000. International Assets Investment Management LLC acquired a new stake in SPDR SSgA Global Allocation ETF during the 4th quarter worth about $400,000. Finally, Commonwealth Equity Services LLC raised its position in shares of SPDR SSgA Global Allocation ETF by 9.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,539 shares of the company’s stock worth $456,000 after acquiring an additional 914 shares in the last quarter.

SPDR SSgA Global Allocation ETF Price Performance

Shares of NYSEARCA:GAL opened at $44.81 on Monday. The business’s 50-day moving average is $44.00 and its 200-day moving average is $43.37. SPDR SSgA Global Allocation ETF has a 1 year low of $37.04 and a 1 year high of $44.96. The company has a market capitalization of $247.35 million, a price-to-earnings ratio of 15.47 and a beta of 0.69.

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.