Ballast Inc. purchased a new stake in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,320 shares of the company’s stock, valued at approximately $204,000. Ballast Inc. owned 0.31% of SPDR SSgA Income Allocation ETF as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of INKM. Ameritas Advisory Services LLC purchased a new stake in shares of SPDR SSgA Income Allocation ETF during the 2nd quarter valued at approximately $28,000. Jones Financial Companies Lllp purchased a new stake in shares of SPDR SSgA Income Allocation ETF during the 1st quarter valued at approximately $1,533,000. Envestnet Asset Management Inc. purchased a new stake in shares of SPDR SSgA Income Allocation ETF during the 1st quarter valued at approximately $1,791,000. Finally, LPL Financial LLC lifted its stake in shares of SPDR SSgA Income Allocation ETF by 4.6% during the 1st quarter. LPL Financial LLC now owns 108,587 shares of the company’s stock valued at $3,453,000 after buying an additional 4,789 shares in the last quarter.
SPDR SSgA Income Allocation ETF Trading Up 0.3%
Shares of INKM stock opened at $33.18 on Monday. The stock has a market capitalization of $67.36 million, a P/E ratio of 20.24 and a beta of 0.57. The firm’s 50 day moving average is $33.15 and its 200 day moving average is $32.42. SPDR SSgA Income Allocation ETF has a 12 month low of $29.92 and a 12 month high of $33.60.
About SPDR SSgA Income Allocation ETF
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.
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