Silver Oak Securities Incorporated Invests $3.14 Million in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM)

Silver Oak Securities Incorporated purchased a new stake in shares of SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) during the 4th quarter, Holdings Channel reports. The fund purchased 101,275 shares of the company’s stock, valued at approximately $3,143,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. NBC Securities Inc. bought a new position in SPDR SSgA Income Allocation ETF during the third quarter valued at $28,000. Joseph P. Lucia & Associates LLC purchased a new position in shares of SPDR SSgA Income Allocation ETF during the 4th quarter worth about $210,000. Finally, Raymond James & Associates grew its holdings in SPDR SSgA Income Allocation ETF by 17.8% during the 3rd quarter. Raymond James & Associates now owns 27,335 shares of the company’s stock valued at $787,000 after purchasing an additional 4,121 shares during the last quarter.

SPDR SSgA Income Allocation ETF Stock Up 0.1 %

SPDR SSgA Income Allocation ETF stock traded up $0.04 during midday trading on Friday, reaching $30.45. The stock had a trading volume of 2,348 shares, compared to its average volume of 8,876. SPDR SSgA Income Allocation ETF has a 52-week low of $27.78 and a 52-week high of $31.39. The company has a fifty day moving average of $30.78 and a 200 day moving average of $30.25. The firm has a market cap of $71.25 million, a price-to-earnings ratio of 14.08 and a beta of 0.50.

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.