Geneos Wealth Management Inc. Has $1.52 Million Stake in SPDR SSgA Global Allocation ETF $GAL

Geneos Wealth Management Inc. lifted its holdings in SPDR SSgA Global Allocation ETF (NYSEARCA:GAL) by 55.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,645 shares of the company’s stock after acquiring an additional 10,935 shares during the quarter. Geneos Wealth Management Inc.’s holdings in SPDR SSgA Global Allocation ETF were worth $1,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Analysts LLC acquired a new stake in SPDR SSgA Global Allocation ETF during the 4th quarter valued at $60,000. N.E.W. Advisory Services LLC raised its position in SPDR SSgA Global Allocation ETF by 13.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 3,457 shares of the company’s stock valued at $171,000 after purchasing an additional 413 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in SPDR SSgA Global Allocation ETF by 89.6% in the fourth quarter. Farther Finance Advisors LLC now owns 4,505 shares of the company’s stock worth $223,000 after purchasing an additional 2,129 shares in the last quarter. Jane Street Group LLC acquired a new position in SPDR SSgA Global Allocation ETF in the first quarter worth $207,000. Finally, Gateway Wealth Partners LLC acquired a new position in SPDR SSgA Global Allocation ETF in the fourth quarter worth $399,000.

SPDR SSgA Global Allocation ETF Stock Performance

Shares of GAL stock opened at $52.56 on Friday. SPDR SSgA Global Allocation ETF has a 52 week low of $46.73 and a 52 week high of $55.24. The stock has a market capitalization of $302.75 million, a PE ratio of 18.24 and a beta of 0.61. The stock’s fifty day moving average is $53.04 and its 200-day moving average is $51.61.

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.