LPL Financial LLC Lowers Stock Holdings in SPDR SSgA Income Allocation ETF (NYSEARCA:INKM)

LPL Financial LLC lessened its stake in shares of SPDR SSgA Income Allocation ETF (NYSEARCA:INKM) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,798 shares of the company’s stock after selling 14,828 shares during the quarter. LPL Financial LLC’s holdings in SPDR SSgA Income Allocation ETF were worth $3,246,000 at the end of the most recent quarter.

Separately, 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.

SPDR SSgA Income Allocation ETF Stock Performance

NYSEARCA:INKM opened at $30.88 on Friday. The stock has a market capitalization of $70.41 million, a price-to-earnings ratio of 19.14 and a beta of 0.57. SPDR SSgA Income Allocation ETF has a 1 year low of $29.92 and a 1 year high of $33.16. The stock has a fifty day moving average price of $31.78 and a two-hundred day moving average price of $32.01.

SPDR SSgA Income Allocation ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a $0.2359 dividend. The ex-dividend date was Wednesday, March 26th.

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.