Comerica Bank acquired a new stake in shares of SPDR SSgA Income Allocation ETF (NYSEARCA:INKM – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,376 shares of the company’s stock, valued at approximately $106,000. Comerica Bank owned 0.15% of SPDR SSgA Income Allocation ETF as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of SPDR SSgA Income Allocation ETF in the fourth quarter valued at approximately $912,000. Wells Fargo & Company MN boosted its holdings in shares of SPDR SSgA Income Allocation ETF by 107.6% in the fourth quarter. Wells Fargo & Company MN now owns 43,919 shares of the company’s stock valued at $1,374,000 after purchasing an additional 22,765 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of SPDR SSgA Income Allocation ETF in the fourth quarter valued at approximately $37,000.
SPDR SSgA Income Allocation ETF Stock Performance
Shares of NYSEARCA INKM opened at $32.14 on Monday. The firm has a market capitalization of $67.17 million, a price-to-earnings ratio of 19.81 and a beta of 0.56. SPDR SSgA Income Allocation ETF has a 52-week low of $29.92 and a 52-week high of $33.16. The stock has a 50 day moving average price of $31.61 and a 200 day moving average price of $31.87.
SPDR SSgA Income Allocation ETF Cuts Dividend
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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