Raymond James & Associates Boosts Stock Position in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM)

Raymond James & Associates raised its stake in shares of SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,212 shares of the company’s stock after buying an additional 3,877 shares during the quarter. Raymond James & Associates owned about 1.33% of SPDR SSgA Income Allocation ETF worth $969,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. NBC Securities Inc. purchased a new stake in shares of SPDR SSgA Income Allocation ETF during the third quarter valued at approximately $28,000. Osaic Holdings Inc. boosted its stake in SPDR SSgA Income Allocation ETF by 33.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,461 shares of the company’s stock valued at $135,000 after purchasing an additional 1,120 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of SPDR SSgA Income Allocation ETF by 26.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 6,214 shares of the company’s stock worth $183,000 after purchasing an additional 1,298 shares in the last quarter. UBS Group AG raised its stake in shares of SPDR SSgA Income Allocation ETF by 3.3% in the second quarter. UBS Group AG now owns 62,341 shares of the company’s stock worth $1,917,000 after purchasing an additional 2,003 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of SPDR SSgA Income Allocation ETF by 14.9% in the third quarter. LPL Financial LLC now owns 38,620 shares of the company’s stock worth $1,112,000 after purchasing an additional 5,006 shares during the last quarter.

SPDR SSgA Income Allocation ETF Stock Performance

NYSEARCA INKM opened at $30.24 on Monday. The company has a market capitalization of $71.37 million, a price-to-earnings ratio of 14.33 and a beta of 0.50. The stock has a 50-day moving average of $30.78 and a 200 day moving average of $30.19. SPDR SSgA Income Allocation ETF has a one year low of $27.78 and a one year high of $31.39.

SPDR SSgA Income Allocation ETF Company Profile

The SPDR SSgA Income Allocation ETF (INKM) is an exchange-traded fund that is based on the MSCI World index. The fund is an actively-managed, income-focused ETF of domestic and international ETFs with exposure to equities, investment-grade and high-yield debt, preferred stocks and REITs. INKM was launched on Apr 25, 2012 and is managed by State Street.