Envestnet Asset Management Inc. Sells 3,589 Shares of SPDR SSgA Income Allocation ETF $INKM

Envestnet Asset Management Inc. reduced its holdings in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) by 6.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 52,736 shares of the company’s stock after selling 3,589 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR SSgA Income Allocation ETF were worth $1,704,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in shares of SPDR SSgA Income Allocation ETF in the second quarter worth $28,000. Ballast Inc. bought a new position in SPDR SSgA Income Allocation ETF during the 2nd quarter worth $204,000. Jones Financial Companies Lllp acquired a new position in SPDR SSgA Income Allocation ETF during the 1st quarter worth about $1,533,000. Finally, LPL Financial LLC grew its position in shares of SPDR SSgA Income Allocation ETF by 4.6% in 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 during the last quarter.

SPDR SSgA Income Allocation ETF Trading Down 0.9%

Shares of INKM stock opened at $32.71 on Thursday. SPDR SSgA Income Allocation ETF has a 1-year low of $29.92 and a 1-year high of $33.60. The stock has a market cap of $65.75 million, a price-to-earnings ratio of 20.24 and a beta of 0.54. The stock has a 50-day moving average of $33.21 and a 200-day moving average of $32.73.

SPDR SSgA Income Allocation ETF 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.