AE Wealth Management LLC Invests $6.29 Million in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM)

AE Wealth Management LLC bought a new position in shares of SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 186,184 shares of the company’s stock, valued at approximately $6,285,000. AE Wealth Management LLC owned 4.85% of SPDR SSgA Income Allocation ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of SPDR SSgA Income Allocation ETF by 13.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 20,100 shares of the company’s stock worth $669,000 after buying an additional 2,390 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in SPDR SSgA Income Allocation ETF in the third quarter valued at about $101,000. Morgan Stanley lifted its position in SPDR SSgA Income Allocation ETF by 17.1% in the second quarter. Morgan Stanley now owns 32,925 shares of the company’s stock valued at $1,096,000 after purchasing an additional 4,803 shares during the period. Wells Fargo & Company MN lifted its position in SPDR SSgA Income Allocation ETF by 9.2% in the second quarter. Wells Fargo & Company MN now owns 88,199 shares of the company’s stock valued at $2,936,000 after purchasing an additional 7,436 shares during the period. Finally, Advisors Preferred LLC lifted its position in SPDR SSgA Income Allocation ETF by 25.5% in the second quarter. Advisors Preferred LLC now owns 61,758 shares of the company’s stock valued at $2,056,000 after purchasing an additional 12,566 shares during the period.

Shares of NYSEARCA:INKM opened at $33.88 on Wednesday. SPDR SSgA Income Allocation ETF has a 52 week low of $30.18 and a 52 week high of $34.29. The company has a 50-day moving average price of $33.79 and a 200 day moving average price of $33.43.

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Institutional Ownership by Quarter for SPDR SSgA Income Allocation ETF (NYSEARCA:INKM)

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