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

Silver Oak Securities Incorporated bought a new stake in shares of SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 101,275 shares of the company’s stock, valued at approximately $3,143,000. Silver Oak Securities Incorporated owned approximately 4.31% of SPDR SSgA Income Allocation ETF at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Raymond James & Associates boosted its holdings in shares of 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 worth $787,000 after buying an additional 4,121 shares in the last quarter. NBC Securities Inc. bought a new position in SPDR SSgA Income Allocation ETF during the third quarter worth $28,000. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in SPDR SSgA Income Allocation ETF in the fourth quarter worth $210,000.

SPDR SSgA Income Allocation ETF Stock Up 0.1 %

INKM traded up $0.04 during midday trading on Friday, hitting $30.45. The company had a trading volume of 2,348 shares, compared to its average volume of 8,876. The company has a market capitalization of $71.25 million, a price-to-earnings ratio of 14.08 and a beta of 0.50. The stock’s 50 day moving average price is $30.78 and its 200 day moving average price is $30.25. SPDR SSgA Income Allocation ETF has a 52 week low of $27.78 and a 52 week high of $31.39.

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.