SPDR SSgA Income Allocation ETF $INKM Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in shares of SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,548 shares of the company’s stock after selling 3,592 shares during the quarter. Truist Financial Corp owned 2.54% of SPDR SSgA Income Allocation ETF worth $1,698,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp purchased a new stake in shares of SPDR SSgA Income Allocation ETF during the first quarter valued at $1,533,000. Envestnet Asset Management Inc. purchased a new position in SPDR SSgA Income Allocation ETF in the 1st quarter worth about $1,791,000. Finally, LPL Financial LLC raised its holdings in 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 worth $3,453,000 after buying an additional 4,789 shares during the period.

SPDR SSgA Income Allocation ETF Trading Down 0.7%

INKM stock opened at $32.80 on Friday. SPDR SSgA Income Allocation ETF has a one year low of $29.92 and a one year high of $33.60. The firm has a 50-day moving average of $33.10 and a two-hundred day moving average of $32.37. The firm has a market capitalization of $66.58 million, a PE ratio of 20.24 and a beta of 0.57.

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.